On October 30, 2025, during the APEC summit in Busan, South Korea, US President Donald Trump and Chinese President Xi Jinping held a nearly two-hour bilateral meeting at Gimhae International Airport. This face-to-face discussion, the first since Trump's second term began, resulted in immediate announcements of trade concessions. Trump declared the talks a "roaring success," revealing a one-year agreement on rare earth mineral exports and a cut in US tariffs linked to China's role in the fentanyl crisis from 20% to 10%. These steps aim to pause escalating trade frictions that have disrupted global markets, with China agreeing to suspend its recent export controls on critical minerals. The developments are significant now as they prevent further supply chain breakdowns amid ongoing US-China economic rivalry, offering short-term relief while signaling potential for broader deals.