New Delhi: The meeting between the presidents of the United States and China at the Asia-Pacific Economic Cooperation (APEC) summit in Busan, South Korea, attracted global attention.
This was the first face-to-face meeting between the two leaders since Donald Trump’s return to the White House. The meeting involved several hours of discussions between the two delegations, resulting in agreements on several important economic issues.
Key Issues Discussed
The meeting primarily focused on contentious issues such as the trade war, tariffs, the export of rare earth minerals, and the supply of American soybeans. Both delegations emphasized resolving outstanding problems and exploring new avenues of cooperation.
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The goal was not merely to achieve trade benefits but also to promote economic stability and long-term cooperation.
Xi Jinping’s Perspective
Chinese President Xi Jinping stated that China-US economic relations should be the foundation and driving force of the relationship between the two countries, not a source of tension.
He emphasized the principles of mutual benefit, equality, and mutual respect. Xi also noted that the circumstances of the two countries are different; therefore, identical views on every issue are not necessary.
He reminded both leaders that it is essential to make wise decisions in difficult situations to ensure that China-US relations remain stable and reliable.
Trump’s Perspective and Actions
US President Donald Trump described the meeting as highly successful, giving it a perfect score of 10 out of 10. He indicated that a comprehensive trade agreement between the two countries could be reached soon.
Trump announced plans to visit China in April 2026 to continue further discussions.
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Furthermore, the US administration announced a reduction in tariffs on Chinese goods from 57% to 47% and a reduction in import duties related to fentanyl from 20% to 10%, aiming to increase trust and cooperation between the two countries.
This meeting at the Busan APEC summit is considered a major diplomatic and economic success in China-US relations. Both countries are now moving towards resolving trade differences by prioritizing mutual cooperation, respect, and long-term benefits.