US President Donald Trump is set to visit China in April next year, following what he described as “a great success” in talks with Chinese President Xi Jinping. He further added that Xi also be heading to the US “some time after that.”
"I'll be going to China in April and he'll be coming here sometime after that, whether it's in Florida, Palm Beach or Washington, DC," Trump said.
"A lot of things we brought to finalisation" at Trump said, praising Xi as a "tremendous leader of a very powerful country".
After the meeting, Trump announced lowering the tariffs on Beijing from the current 57% to 47%, signalling a step toward easing trade tensions.
He also said that China will resume immediate purchases of American soybeans. The dispute over rare earth exports has been resolved, the US President said, adding that China has assured that there will be no further restrictions or delays.
Additionally, Trump also claimed that Xi had committed to intensifying efforts to curb fentanyl shipments.
The leaders met on Thursday in Busan, South Korea, marking a major attempt by the world’s two largest economies to stabilise ties after months of escalated tensions over trade.
Talking to reporters aboard Air Force One, he further informed that there was no discussion about Taiwan during the meeting.
Trump’s renewed tariff offensives that began since his second term in the White House, along with China’s retaliatory restrictions on rare-earth exports, had driven relations to a critical point. The US President had threatened to impose a whopping 130% tariffs on Chinese imports to the country.
With global markets watching closely, both sides acknowledged that escalating the conflict further could damage the world economy and harm their own domestic interests.
The Busan dialogue is being seen as a reset moment, one that could pave the groundwork for a new phase of trade agreement.
"I'll be going to China in April and he'll be coming here sometime after that, whether it's in Florida, Palm Beach or Washington, DC," Trump said.
"A lot of things we brought to finalisation" at Trump said, praising Xi as a "tremendous leader of a very powerful country".
After the meeting, Trump announced lowering the tariffs on Beijing from the current 57% to 47%, signalling a step toward easing trade tensions.
He also said that China will resume immediate purchases of American soybeans. The dispute over rare earth exports has been resolved, the US President said, adding that China has assured that there will be no further restrictions or delays.
Additionally, Trump also claimed that Xi had committed to intensifying efforts to curb fentanyl shipments.
The leaders met on Thursday in Busan, South Korea, marking a major attempt by the world’s two largest economies to stabilise ties after months of escalated tensions over trade.
Talking to reporters aboard Air Force One, he further informed that there was no discussion about Taiwan during the meeting.
Trump’s renewed tariff offensives that began since his second term in the White House, along with China’s retaliatory restrictions on rare-earth exports, had driven relations to a critical point. The US President had threatened to impose a whopping 130% tariffs on Chinese imports to the country.
With global markets watching closely, both sides acknowledged that escalating the conflict further could damage the world economy and harm their own domestic interests.
The Busan dialogue is being seen as a reset moment, one that could pave the groundwork for a new phase of trade agreement.
You may also like
Delhi HC quashes JMI's decision to dissolve teachers' association
Unadkat To Feature For Sussex In Last Eight Rounds Of County Matches
Hyderabad: Drugs worth Rs 4.56 cr destroyed by the disposal committee
Chhattisgarh begins preparations for Janjatiya Gaurav Diwas marking 150th birth anniversary of Birsa Munda
Mum's dilemma after realising baby's initials spell out 'bad' word
