Trump's Asia Tour Ends with China Deal
President Trump wrapped up a six-day, 20,027-mile tour of Asia on Wednesday with a meeting with Xi Jinping in Busan, South Korea. President Trump agreed to to trim down tariffs on China from 57.6% to 47.6% in exchange for China's agreement to pause some rare earth export restrictions and purchase massive amounts of U.S. soybeans and energy. “I guess on the scale from zero to 10, with 10 being the best, I would say the meeting was a 12,” the U.S. president said.
The trip also reportedly yielded investment pledges from other Asian countries: South Korea committed $200 billion over a decade plus the purchase of 103 Boeing planes, Malaysia pledged $70 billion, and Thailand agreed to buy 80 American aircraft. President Trump also presided over a Cambodia-Thailand peace ceremony and said he'd reopen talks with North Korea.
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