Trump met with Xi Jinping. What the media is writing
US President Donald Trump and the Chinese president held a meeting in South Korea, at which, judging by the statements of the leaders, they reached some agreements. Trump said that he had managed to lift restrictions on the export of rare earth minerals and ensure the purchase of soybeans for American farmers, while the Chinese leader called the dialogue constructive. What the foreign media write about the meeting is in the Izvestia article.
Financial Times: Donald Trump called the meeting with the Chinese president "magnificent"
US President Donald Trump praised the meeting with Chinese President Xi Jinping: "On a scale from 0 to 10, where 10 is the best result, the meeting received 12 points." On board the presidential plane, Trump told reporters that the parties had managed to agree on several solutions, and a trade agreement between the United States and China would be signed "very soon." The terms of the deal will be reviewed every year.
Financial Times
Trump said the two sides had settled what he called the "rare earth dispute," referring to the massive export controls announced by China this month. China dominates the supply chain of rare earths, and control of minerals that are critical to global producers has led to a sharp escalation of tensions.
U.S. Trade Representative Jamison Greer, who was also on board the presidential plane, said China had made it clear that it would not interfere with the supply of rare earths. Trump, in turn, agreed to reduce the "fentanyl" tariff for China from 20% to 10%, as Xi Jinping promised to "work hard" to reduce exports of components for the manufacture of opioids.
The Guardian: at the meeting of the leaders of China and the United States, some topics were ignored
Following the meeting with the Chinese leader, the US president said that export restrictions on rare earth metals had been lifted, and "this applies to the whole world." The parties agreed to work together on the Ukrainian issue. Trump acknowledged that China buys a lot of Russian oil, but added that this topic had not actually been discussed.
The Guardian
Another issue that remained out of the discussion was Taiwan. Earlier, both leaders ignored the issue of self-governing democracy amid fears in Taipei that Trump might make concessions to Xi Jinping, who promised to "reunify" Taiwan with the mainland.
Xi Jinping said that he and Trump "don't always see eye to eye," but disagreements between the world's two largest economies are normal. The optimism of the meeting was in stark contrast to the recent aggressive rhetoric between the sides on trade issues, which threatened to push the United States and China into an economic standoff with potentially disastrous consequences for the global economy.
The Washington Post: Trump reduced duties for China in exchange for resuming soybean purchases
Donald Trump said that Chinese imports will now be subject to a 47% duty, which is 10% lower than the general rate in effect before the meeting. In exchange, China agreed to postpone for a year restrictions on exports of rare earths, which could jeopardize the supply chain for everything from mobile phones to fighter jets.
The Washington Post
Thursday's meeting is notable for being the first face-to-face communication between the leaders since Trump entered his second term in January and began imposing tariffs on imports from China, prompting Beijing to respond with symmetrical duties and stricter export controls. Trump's positive tone made it clear that the meeting had succeeded in stopping the bitter trade war, at least temporarily.
Trump said China had agreed to buy "huge amounts" of soybeans after a recent boycott of American farmers' products in response to tariffs. But it is unclear whether China will purchase the same volume as before the introduction of trade barriers. Some of the main questions remain unanswered: Trump and the chief trade representative of his administration said they had discussed semiconductor sales with Xi Jinping, but the next step would be direct talks between the American chip manufacturer Nvidia and Beijing. Earlier, the White House allowed the sale of less powerful semiconductors to China, but the company was practically forced out of the market because the Chinese regulator banned its companies from purchasing them.
Bloomberg: Trump and Xi Jinping's meeting met investors' expectations
The stock price is declining amid close attention to the meeting between US President Donald Trump and Chinese President Xi Jinping, which was generally in line with investors' expectations. The Asian stock index fell 0.1%, while the US stocks fluctuated between moderate growth and decline after Trump's announcement about halving tariffs on China.
Bloomberg
Investors had assumed that the meeting between the United States and China would help settle the world's largest trade dispute and stabilize markets after months of tension. After the April collapse caused by the imposition of tariffs, global stocks reached record highs due to optimism about artificial intelligence and the easing of the Federal Reserve's policy, which cut the rate on Wednesday. However, the Central Bank warned investors that further rate cuts in December are not guaranteed.
In his address to reporters aboard Air Force One, Trump said that the leaders had finalized a framework agreement, which was reached last weekend by representatives of China and the United States in Malaysia. Anna Wu, cross-asset strategist at Van Eck Associates Corp., said that markets view the results of the meeting as a tactical truce rather than a long-term deal, and therefore volatility may persist in the market in the medium term.
Global Times: China's development is consistent with Trump's desire to "make America great again."
Xi Jinping said that China's development and rebirth go hand in hand with Donald Trump's intention to "Make America great again." The statement was made at a meeting of the leaders of China and the United States in Busan, South Korea, at the 32nd Asia-Pacific Economic Cooperation Summit.
Global Times
Xi Jinping said that the two countries are fully capable of helping each other achieve success and prosperity together. "China and the United States should be partners and friends. That's what history has taught us and reality dictates," he said.
The President of the People's Republic of China also expressed his willingness to work with the President of the United States to create a solid foundation for Sino-American relations and a favorable atmosphere for the development of both countries.
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