Busan Summit

The Busan Summit was a summit meeting held on 30 October 2025, in Busan, South Korea, between Chinese leader Xi Jinping and United States President Donald Trump. This was the first face-to-face meeting between the two leaders in six years since the 2019 G20 Osaka summit. The meeting aimed to manage differences and explore the possibility of setting a future direction for China–United States relations amid the ongoing tensions in bilateral relations caused by the China–United States trade war and high-tech competition. The meeting was held at the VIP building at Gimhae International Airport, during the APEC South Korea. On the eve of the summit, which was considered "high-risk", the relationship was under pressure from multiple fronts, especially as the trade truce agreement reached by the two sides in May 2025 that was set to expire on 10 November, Before the meeting, friction between the two countries escalated again: the United States restricted exports of semiconductor products that are crucial to the development of artificial intelligence to China, while China expanded export controls on rare earth metals which are core components of the defense industry and high-tech applications. Trump threatened to impose an additional 100% punitive tariff on Chinese goods starting 1 November. Despite the tense situation, the trade delegations of both sides held negotiations in Kuala Lumpur, Malaysia before the meeting and said that they had achieved a "very successful framework" and "preliminary consensus". The formal talks lasted about one hour and forty minutes, during which the two leaders agreed to take several measures to ease short-term trade tensions. Xi said at the meeting that the two sides had reached a "basic consensus" on trade negotiations. He stressed that friction between the two major economies is a normal phenomenon and called on both sides to avoid falling into a...