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International Business Times

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Trump and Xi Seek to Reset US-China Trade Relations in South Korea Summit

Donald Trump Xi Jinping South Korea China United States

US President Donald Trump (L) and China's President Xi Jinping arrive for talks at the Gimhae Air Base, located next to the Gimhae International Airport in Busan on October 30, 2025.

President Donald Trump and Chinese leader Xi Jinping met Thursday in Busan, South Korea, marking what both sides described as a major step toward stabilizing strained U.S.-China trade relations.

The two leaders agreed to reduce tariffs, resume agricultural trade, and reopen dialogue on advanced technology exports—signaling the first tangible thaw in years of escalating economic tension.

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