LOUISVILLE, Ky. — President Donald Trump said he had an "amazing" meeting with China's top leader, Xi Jinping, on Thursday.

Trump told reporters while heading home on Air Force One that he agreed to cut his 20% tariff increase, imposed over China's role in producing fentanyl and chemicals used to make it, to 10%. China confirmed that will take average tariffs on Chinese goods to 47%, down from 57%.

The president said China agreed to buy large quantities of American farm products and to ensure steady supplies of rare earths elements used in many industries.

But the U.S. Treasury said they will start by purchasing 12 million metric tons of soybeans between now and January 2026.

It is a deal with major implications in Kentucky and Indiana.

A map from the United States Department of Ag

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