US President Donald Trump and Chinese leader Xi Jinping held a meeting in the South Korean city of Busan. The meeting focused on easing the long-running trade war between the two countries and reaching a new agreement. Both sides announced that they had reached an “agreement to resolve mutual issues.”
Trump had previously planned to impose a 100% tariff on Chinese products, but the US Treasury Secretary expressed hope that this measure would not be implemented. In recent months, tensions between the two nations have risen over tariffs, technology, and the “TikTok” app.
According to experts, this meeting holds significant importance for the global economy. The talks also covered the trade of semiconductors, rare metals, and the operation of “TikTok” in the US. Analysts say the meeting could serve as a step toward reducing competition between the two countries.
However, economists note that the agreement between Trump and Xi does not guarantee long-term stability. They believe that competition between the US and China in technology and trade will continue in the coming years.
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