President Donald Trump has called his October 30 summit with Chinese President Xi Jinping in Busan, South Korea, “incredible,” marking what appears to be one of the most consequential U.S.–China negotiations in recent memory. The meeting produced an estimated $3 trillion in new trade commitments, signaling a powerful revival of American manufacturing, agriculture, and export confidence.

Among the key breakthroughs: both leaders agreed to a reduction in U.S. tariffs on select Chinese imports, from 20% down to 10%, in exchange for China’s pledges to dramatically cut fentanyl exports—one of the most pressing issues in America’s fight against synthetic drug trafficking. In addition, Beijing committed to stabilizing rare earth mineral supplies vital to the U.S. tech and defense industries, a major national security win for the Trump administration.

Perhaps most notably, China agreed to record-breaking soybean purchases—an unprecedented 25 million tons—injecting new optimism into America’s agricultural sector. Farmers across the Midwest have long sought relief from the trade disruptions of the previous decade, and Trump’s announcement signals not just a diplomatic success, but a direct economic victory for America’s heartland.

In his remarks, President Trump described the negotiations as “incredible,” emphasizing that the deal represents a turning point in restoring fairness, accountability, and strength to U.S.–China trade relations. The summit underscored his administration’s continued commitment to “peace through prosperity,” pairing economic assertiveness with firm geopolitical leverage in Asia.

The Busan accord also demonstrates the administration’s ability to strike tough, pragmatic deals that deliver results for American workers while holding foreign partners accountable. Beyond trade, discussions reportedly touched on security cooperation, North Korea’s denuclearization process, and the global stability of critical supply chains.

Supporters have hailed the meeting as another validation of Trump’s “America First” economic doctrine—one that seeks mutual benefit without compromising U.S. sovereignty or strength. As global markets respond positively, the White House has signaled plans to expand follow-up talks in early 2026, potentially setting the stage for a broader Pacific economic framework under Trump’s leadership.

The Busan summit, by all accounts, was more than a diplomatic meeting—it was a reaffirmation of American power, strategy, and vision in a rapidly shifting world.