 |
U.S. President Donald Trump and Chinese President Xi Jinping during a bilateral meeting. (Photo courtesy of Yonhap News Agency) |
[Alpha Biz= Kim Jisun] BEIJING, October 29, 2025 — China officially announced on Tuesday that President Xi Jinping will meet with former U.S. President Donald Trump in Busan, South Korea, on October 30. The long-anticipated meeting is expected to focus on stabilizing U.S.–China relations and easing tensions over trade and security.
China’s Ministry of Foreign Affairs stated, “After mutual consultation between the two sides, President Xi Jinping will hold talks with President Donald Trump in Busan, South Korea, on October 30. The two leaders will exchange views on China–U.S. relations and issues of mutual concern.”
This marks the first official confirmation from Beijing, as China typically refrains from disclosing the itinerary of its top leader until immediately before or after a major diplomatic event.
Foreign Ministry spokesperson Guo Jiaqun said during a regular press briefing that “summit diplomacy plays an irreplaceable strategic guiding role in China–U.S. relations,” adding that the two leaders “will engage in in-depth communication on strategic, long-term, and major global issues.”
Guo emphasized Beijing’s willingness to cooperate with Washington: “China is ready to work with the United States to ensure that this meeting yields positive results, guides the stable development of bilateral relations, and injects new momentum into future cooperation.”
According to reports from The Wall Street Journal, the upcoming summit could serve as a turning point in the ongoing U.S.–China trade tensions, with both sides considering measures to de-escalate tariff disputes.
The report said Washington is mulling a 10 percentage point reduction in tariffs imposed on Chinese goods, in exchange for Beijing’s resumption of U.S. soybean imports and tighter controls over fentanyl precursor exports.
President Trump, speaking aboard Air Force One en route from Tokyo’s Haneda Airport to Gimhae International Airport in Busan, said, “I expect we can lower tariffs because they’ve agreed to help us on the fentanyl issue.”
The WSJ also noted that both nations are discussing mutual reductions in port entry fees and the possible suspension of U.S. software export restrictions to China as part of a broader negotiation framework. However, the paper added that “final agreements remain fluid and subject to change.”
알파경제 Kim Jisun (stockmk2020@alphabiz.co.kr)
