President Donald Trump has just attracted global attention when announcing the results of a high-level meeting with Chinese President Xi Jinping. The talks were held in a “positive and constructive” atmosphere, opening up hope for a more stable period in relations between the world’s two largest economies.
According to an official statement from President Trump, he described the meeting as “excellent, excellent” and said the two sides had reached consensus on most key issues. Some sensitive content was not discussed in depth, but most of the important decisions were agreed.
One of the most notable outcomes was an agreement to reduce tariffs by 10% on fentanyl, a chemical linked to the US opioid crisis. The decision, effective immediately, was seen as a symbolic step to demonstrate goodwill between Washington and Beijing in dealing with thorny public health and security issues.
Not only that, the issue of rare earth minerals – a vital element of the high-tech and defense industries – has also been resolved. According to the announcement from the US, China will continue to export rare earth minerals to the US, ensuring that the supply chain is not interrupted. This is XEM a significant diplomatic victory of the Trump administration, helping to reduce pressure on US technology companies that depend on supplies from Asia.
President Trump also revealed that the two sides will soon announce the official conclusion of “some very important issues”, including agreements related to trade, investment and regional security cooperation. Observers said that this step could pave the way for a new trade agreement between the US and China, restoring the dialogue channel that was interrupted in previous years of tension.
