Trump announces deal with China after talks with Xi in South Korea
Euronews · New
Euronews
New
Washington and Beijing are "in agreement on many things," U.S. President Donald Trump said after the face-to-face meeting that lasted nearly two hours, the first between both leaders in six years.
Breakdown
- Trump and Xi Jinping held a face-to-face meeting in South Korea, which Trump described as successful. 6s
- The U.S. will cut tariffs on China, while China will allow rare earth mineral exports and buy American soybeans. 12s
- The tariffs were initially imposed by the U.S. in response to Chinese chemical exports used in fentanyl production, leading to retaliatory export restrictions from China. 44s
- Xi Jinping acknowledged ongoing friction between the two countries but emphasized the potential for mutual prosperity. 1m 4s
- Trump announced plans to visit China in April and invited Xi to visit the United States. 1m 23s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.