After Meeting Trump, Xi Affirms China-US Reaches Consequence Of Completion Of Trade War

JAKARTA - The negotiations team between China and the United States (US) has reached an elementary consensus on how to resolve the trade war between the two countries that have rocked the global market and made the international supply chain panic.

This was conveyed by Chinese President Xi Jinping during a meeting with US President Donald Trump in Busan, South Korea (South Korea).

"Both of our trade and economic teams have reached a basic consensus on solving the main problems that we are concerned about and have made encouraging progress," he said, quoted from Tass, Thursday, October 30.

According to Xi, China and the US could basically help each other to achieve success and prosperity together.

"Over the years, I have repeatedly said that China and the United States should be partners and friends," Xi said.

Previously, Trump hoped his meeting with Xi would result in a recent deal on US-China trade terms.

Trump also intends to lower additional rates on goods from China, which have been implemented in connection with fentanyl smuggling.

Trump had raised export rates for China, Canada, and Mexico in early 2025. Trump argued that his policy was a response to concerns about illegal immigration and drug trafficking from the three countries, the two main promises that became the basis for his election as US President.

Trump also said he was ready to increase the import duty further if the countries returned their policies.

"Today's tariff announcement is needed to hold China, Mexico, and Canada accountable for their pledge to stop the flood of toxic drugs into the United States," Trump of the White House said in a statement on Saturday, February 1, 2025, quoted by the BBC International.

On his social media account on Tuth Social, Trump said the regulation refers to the International Emergency Economic Power Act (IEEPA).

"This is done through the International Emergency Economic Power Act because of the huge threat from illegal immigrants and the deadly drugs that kill our citizens, including fentanyl," Trump wrote.