“We have a deal,” Trump said during a post-meeting question-and-answer session. “Every year we’ll renegotiate the deal, but I think it’ll go on for a long time.”

Trump announced Thursday that he will reduce tariffs on Chinese imports following the closely watched meeting in Busan.

The president cited new agreements on fentanyl enforcement, agricultural trade, and a temporary pause on China’s limits on rare-earth mineral exports as key outcomes of the talks, Fox News reported.

 

 

Ahead of Thursday’s summit, U.S. and Chinese officials indicated that the talks would focus on tariffs, advanced technology exports, and supply chain competition — longstanding points of tension between the two countries.

Trump told reporters he was optimistic that the two sides could find common ground, Fox said.

Trump announced that he would reduce the tariff rate on Chinese imports by 10 percentage points — from 20% to