Trump, Xi reach deal on tariffs, rare earths after breakthrough meeting
The Morning Standard
|October 31, 2025
US prez calls meet success even as both nations seek dominance on several matters
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US PRESIDENT Donald Trump said he's made deals with China after meeting Chinese leader Xi Jinping on Thursday, the final day of a trip to Asia that was an opportunity for the leaders of the world's two largest economies to stabilise relations after months of turmoil over trade issues.
The president told reporters aboard Air Force One that the US would lower tariffs implemented earlier this year as punishment on China for its selling of chemicals used to make fentanyl from 20% to 10%. That brings the total combined tariff rate on China down from 57% to 47%.
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