Busan, South Korea: US President Donald Trump has lauded an “amazing” meeting with Chinese President Xi Jinping in South Korea at the end of his whistle-stop tour of Asia, saying it had resulted in a de-escalation of tensions and a deal that would end China’s roadblock on rare earths.

As part of the deal, China will also resume soybean purchases, while the US agreed to halve fentanyl-related levies on Chinese goods to 10 per cent, taking the overall tariff rate imposed on Beijing since Trump resumed office from 57 per cent to 47 per cent.

The meeting lasted about an hour and 40 minutes at a military airbase in the port city of Busan, marking the first time the pair had met face-to-face since 2019.

Trump outlined the key features of the deal to reporters aboard Air Force One as he flew

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