BUSAN, SOUTH KOREA - OCTOBER 30: U.S. President Donald Trump (R) speaks with Chinese President Xi Jinping during a bilateral meeting at Gimhae Air Base on October 30, 2025 in Busan, South Korea. Trump is meeting Xi for the first time since taking office for his second term, following months of growing tension between both countries. (Photo by Andrew Harnik/Getty Images)

Trump strikes major deal with China as Beijing agrees to resume rare earth exports, assist fentanyl crisis and purchase U.S. products

President Donald Trump announced the results of his recent meeting with Chinese President Xi Jinping, in which Beijing agreed to help “end the Fentanyl Crisis,” purchase American oil, and continue the flow of rare earth minerals, while also mutually agreeing to roll back steep tariffs.

Read More Trump strikes major deal with China as Beijing agrees to resume rare earth exports, assist fentanyl crisis and purchase U.S. products