Donald Trump has described crucial trade talks with Chinese President Xi Jinping as “amazing” – and says he will visit Beijing in April.
The leaders of the world’s two biggest economies met in South Korea as they tried to defuse growing tensions – with both countries imposing aggressive tariffs on exports since the president’s second term began.
Aboard Air Force One, Mr Trump confirmed tariffs on Chinese goods exported to the US will be reduced, which could prove much-needed relief to consumers.
It was also agreed that Beijing will work “hard” to stop fentanyl flowing into the US.
Semiconductor chips were another issue raised during their 100-minute meeting, but the president admitted certain issues weren’t discussed.
“On a scale of one to 10, the meeting with Xi was 12,” he told reporters en route back to the US.
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Xi a ‘tough negotiator’, says Trump
The talks conclude a whirlwind visit across Asia – with Mr Trump saying he was “too busy” to see Kim Jong Un.
However, the president said he would be willing to fly back to see the North Korean leader, with a view to discussing denuclearisation.
Mr Trump had predicted negotiations with his Chinese counterpart would last for three or four hours – but their meeting ended in less than two.
The pair shook hands before the summit, with the US president quipping: “He’s a tough negotiator – and that’s not good!”
It marks the first face-to-face meeting between both men since 2019 – back in Mr Trump’s first term.
There were signs that Beijing had extended an olive branch to Washington ahead of the talks, with confirmation China will start buying US soybeans again.
American farmers have been feeling the pinch since China stopped making purchases earlier this year – not least because the country was their biggest overseas market.
Chinese stocks reached a 10-year high early on Thursday as investors digested their meeting, with the yuan rallying to a one-year high against the US dollar.
Analysis: A fascinating power play
Sky News Asia correspondent Helen-Ann Smith – who is in Busan where the talks took place – said it was fascinating to see the power play between both world leaders.
She said: “Trump moved quickly to dominate the space – leaning in, doing all the talking, even responding very briefly to a few thrown questions.
“That didn’t draw so much as an eyebrow raise from his counterpart, who was totally inscrutable. Xi does not like or respond well to unscripted moments, Trump lives for them.”
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On Truth Social, Mr Trump had described the summit as a gathering of the “G2” – a nod to America and China’s status as the world’s two biggest economies.
While en route to see President Xi, he also revealed that the US “Department of War” has now been ordered to start testing nuclear weapons for the first time since 1992.
