Trump-Xi Meeting Brings Major Trade Decisions

President Trump Calls Meeting With Xi “Amazing”

President Donald Trump described his meeting with Chinese President Xi Jinping as “amazing,” noting that several major decisions were made. The meeting, held in South Korea, focused on trade, technology, and global security issues.

Tariffs on China Cut to 47%

Trump announced that U.S. tariffs on Chinese imports will be reduced to 47% from 57%, marking a major step toward easing trade tensions. He also confirmed that the fentanyl tariff will be lowered to 10% from 20% to strengthen cooperation against the drug crisis.

Rare Earth Deal Finalized

According to Trump, all rare earth disputes have been resolved and trade barriers removed. He confirmed it is a one-year agreement expected to be extended, ensuring stable supply of critical materials for the tech and defense sectors.

Boost for U.S. Farmers

Trump stated that China will immediately resume soybean purchases from the United States, offering a much-needed boost to American farmers. Market reactions were swift, with Chicago soybean futures falling around 2% after the announcement.

Talks on Ukraine and Security

The U.S. President revealed that he and Xi discussed the Ukraine conflict at length and agreed to work together to pursue peace. Trump remarked that “both sides are locked in fighting” and sometimes “you have to let them fight.”

He added that the U.S. is in talks with Russia on denuclearization and that nuclear test sites will be “determined later.” Trump hinted at a possible resumption of nuclear testing, saying, “Others are doing it, so it’s important for us to do it too.”

Semiconductor and Technology Cooperation

US President Donald Trump confirmed that he and Chinese President Xi Jinping discussed Nvidia’s chip sales to China but said the talks did not include the company’s latest Blackwell AI processors. Speaking aboard Air Force One, Trump stated, “We’re not talking about the Blackwell.”

He added that any further negotiations involving Nvidia, now valued at around $5 trillion, would depend on Beijing’s actions and responses. Trump’s clarification came after earlier remarks suggesting he might address Blackwell shipments, which had fueled speculation of a potential policy shift.

Allowing exports of advanced AI chips like Blackwell would mark a significant win for Nvidia and a softening of Washington’s stance on restricting China’s access to cutting-edge semiconductor technology — a cornerstone of its AI containment strategy.

Upcoming Visits and Continued Dialogue

President Trump announced that he will visit China in April, while Xi Jinping is expected to visit the United States later this year. Both leaders agreed to maintain open communication and deepen cooperation on global economic and security matters.

Trump Rates Meeting “12 Out of 10”

Concluding the talks, Trump said, “On a scale of 0 to 10, the meeting with Xi was a 12.” He called Xi “a great leader” and praised the progress made during the summit.

Key Highlights

• Tariffs on China cut to 47% from 57%.
• Fentanyl tariff lowered to 10%.
• Rare earth issues fully resolved.
• Soybean purchases from China to resume immediately.
• Cooperation on Ukraine and nuclear security.
• Trump to visit China in April; Xi to visit U.S. later.