News Today 24

In a high-stakes meeting in Busan, South Korea, U.S. President Donald Trump and Chinese President Xi Jinping have reached a new understanding that could mark a turning point in U.S.–China relations. Following days of speculation, both sides announced progress on tariff reductions, fentanyl enforcement, agricultural trade, and rare-earth exports — signaling what Trump called “an amazing meeting that could reset the global balance.” (Sources: Reuters, AP News, Politico) --- 🔹 The Background: From Trade War to Tentative Peace For years, the U.S. and China have been locked in an escalating trade war that reshaped global supply chains. Under Trump’s administration, tariffs on hundreds of billions of dollars’ worth of Chinese imports were imposed — and Beijing responded with its own measures. But recent economic pressures, coupled with growing global instability, have pushed both superpowers toward dialogue. The Busan Summit was their first face-to-face meeting in months, and the results su...