On October 30, 2025, President Donald Trump and Chinese President Xi Jinping held a 90-minute closed-door meeting in Busan, South Korea, aimed at resolving ongoing U.S.-China trade tensions. It was their first in-person meeting in six years.

Axar.az, citing CBS, reports that both leaders expressed cautious optimism: Trump said he expected a “very successful meeting,” while Xi emphasized the importance of partnership despite “frictions” between the two major economies.

The talks followed months of negotiations after a series of tit-for-tat tariffs that strained bilateral trade. The U.S. had threatened to impose 100% tariffs on Chinese goods, but Treasury Secretary Scott Bessent later confirmed that this threat was now “off the table.”

Key topics included tariffs, fentanyl trafficking, rare earth export controls, and the future of TikTok, with reports suggesting an agreement could give the U.S. majority ownership of the app.

Defense issues also loomed over the meeting, particularly Taiwan and South Korea’s nuclear capabilities, after Trump announced the restart of U.S. nuclear testing and approved Seoul’s nuclear-powered submarine development.