{"id":153128,"date":"2025-10-30T10:26:07","date_gmt":"2025-10-30T10:26:07","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/153128\/"},"modified":"2025-10-30T10:26:07","modified_gmt":"2025-10-30T10:26:07","slug":"donald-trump-says-rare-earths-dispute-settled-after-meeting-chinas-xi-jinping-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/153128\/","title":{"rendered":"Donald Trump says rare earths dispute \u2018settled\u2019 after meeting China\u2019s Xi Jinping \u2013 The Irish Times"},"content":{"rendered":"

Donald Trump<\/a> has cut tariffs on China<\/a> by 10 per cent with immediate effect following what he called an \u201camazing\u201d 100-minute meeting with Xi Jinping<\/a> in the South Korean port city of Busan.<\/p>\n

The US president said his Chinese counterpart agreed to pause controls on exports of rare earths for a year and to resume Chinese purchases of American soybeans.<\/p>\n

Mr Trump said he was halving a 20 per cent levy imposed on China on account of its alleged failure to halt the export of chemicals used to produce the drug fentanyl. He said the cut, which brings the tariff on China to 47 per cent, followed a promise by Mr Xi to \u201cwork very hard\u201d to address the problem.<\/p>\n

\u201cIt was an amazing meeting,\u201d Mr Trump said. \u201cI guess on the scale from zero to 10, with 10 being the best, I would say the meeting was a 12.\u201d <\/p>\n

In early comments, Chinese state media reported Mr Xi as saying a \u201cconsensus\u201d with Mr Trump had been reached on trade issues, and that there were good prospects for co-operation on trade, immigration and fraud.<\/p>\n

The US president said Mr Xi agreed to a one-year deal that would see China pause sweeping controls on the export of rare earths used in the manufacture of everything from cars and aircraft to consumer electronics. China has a near-monopoly on the minerals, refining 90 per cent of the world\u2019s supply.<\/p>\n

China has also agreed to start buying soybeans from the US after an effective boycott of the oilseed since the beginning of this year. China bought almost half of the US crop last year and reopening the market was a key demand of American farmers.<\/p>\n

Mr Trump said he and the Chinese premier had discussed the issue of semiconductors and US restrictions on the sale to China of the most advanced microchips. He said Beijing would have to negotiate with semiconductor manufacturer Nvidia but he indicated that the company\u2019s latest Blackwell chips were not discussed.<\/p>\n

[\u00a0Donald Trump vs Xi Jinping: who holds the stronger hand?Opens in new window<\/a>\u00a0]<\/p>\n

At the start of the meeting, Mr Xi described the US and China as \u201cpartners and friends\u201d, telling Mr Trump that China\u2019s development went hand in hand with the ambition to \u201cmake America great again\u201d. But he said it was normal for the world\u2019s two biggest economies to experience friction from time to time.<\/p>\n

\u201cOur two countries are fully able to help each other succeed and prosper together. I have stated in public many times that China and the US should be partners and friends. This is what history taught us and reality demands,\u201d he said. <\/p>\n

Mr Xi praised Mr Trump\u2019s involvement in efforts to achieve peace in Gaza <\/a>and to end a border conflict between Cambodia and Thailand. And he suggested that Beijing and Washington could work together to address global issues.<\/p>\n

\u201cMr President, you care a lot about world peace and you\u2019re very enthusiastic about settling various regional hotspot issues,\u201d Mr Xi said.<\/p>\n

\u201cThe world today is confronted with many tough problems. China and the US can jointly shoulder our responsibility as big countries and work together to accomplish more great and concrete things for the good of our two countries and the whole world. I look forward to exchanging views with you on questions important for our two countries and the world.\u201d <\/p>\n

Mr Trump said that the two leaders discussed Ukraine<\/a> during their meeting although he appears not to have asked Mr Xi to buy less Russian<\/a> oil. And the US president said the subject of Taiwan did not come up.<\/p>\n

[\u00a0US and China agree framework of trade deal ahead of Donald Trump-Xi Jinping meetingOpens in new window<\/a>\u00a0]<\/p>\n

The official Chinese account of the meeting offered no details of the agreement but said the two negotiating teams had reached a consensus on how to solve their problems. It said both teams now had to refine and finalise the agreement as soon as possible so they can deliver on it and boost both economies and that of the world.<\/p>\n

\u201cEconomic and trade relations should continue to be the ballast and engine of Sino-US relations, not a stumbling block or point of conflict. Both sides should consider the long-term benefits of co-operation and avoid falling into a vicious cycle of mutual retaliation,\u201d the Chinese readout said.<\/p>\n

\u201cXi Jinping emphasised that dialogue is better than confrontation. Communication between China and the US should be maintained at all levels and through all channels to enhance understanding.\u201d<\/p>\n

Mr Trump said after the meeting that he would visit China next April and that Mr Xi would visit the US later next year.<\/p>\n","protected":false},"excerpt":{"rendered":"Donald Trump has cut tariffs on China by 10 per cent with immediate effect following what he called…\n","protected":false},"author":2,"featured_media":153129,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[9,10,381,356,13,14,6,11,12,15,16,5,7,8,384,1411,65,66,67,3997],"class_list":{"0":"post-153128","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world","8":"tag-breaking-news","9":"tag-breakingnews","10":"tag-china","11":"tag-donald-trump","12":"tag-featured-news","13":"tag-featurednews","14":"tag-headlines","15":"tag-latest-news","16":"tag-latestnews","17":"tag-main-news","18":"tag-mainnews","19":"tag-news","20":"tag-top-stories","21":"tag-topstories","22":"tag-united-states","23":"tag-us-tariffs","24":"tag-world","25":"tag-world-news","26":"tag-worldnews","27":"tag-xi-jinping"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115462641108048390","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/153128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=153128"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/153128\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/153129"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=153128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=153128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=153128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}