Europe Asia News

About a month ago, Trump and Xi met in South Korea, where they discussed a range of issues including trade, Russia’s invasion of Ukraine, fentanyl, and Taiwan.

Trump wrote on Truth Social: “Our relationship with China is extremely strong!”

China’s official news agency released a statement saying that both countries must “maintain momentum and continue moving in the right direction based on equality, respect, and mutual benefit.”

The leaders met in October in the South Korean city of Busan and subsequently agreed to a tariff ceasefire. The U.S. decided to halve the 20% tariff aimed at reducing the flow of fentanyl.

Tariffs on Chinese goods remain in effect, averaging slightly below 50%.

The Chinese statement said: “Since then, China–U.S. relations have generally followed a stable and positive trajectory, which has been welcomed by both nations and the broader international community.”