In a significant diplomatic breakthrough, Chinese President Xi Jinping announced that economic and trade teams from China and the United States have reached a consensus on addressing key trade disputes. The announcement came following his meeting with US President Donald Trump in Busan, South Korea on the sidelines of the 32nd APEC Economic Leaders’ Meeting held in Gyeongju.

This was the first face-to-face meeting between Xi and Trump since the latter returned to the White House. The two leaders discussed a range of contentious issues, including the ongoing trade war, tariffs, rare earth mineral exports, and agricultural trade, particularly the export of American soybeans to China.

What did Xi say?

President Xi emphasised that trade and economic relations should serve as the “ballast an

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