U.S. President Donald Trump and Chinese President Xi Jinping concluded a high-level summit on  Thursday at a South Korean air base, unveiling a series of agreements aimed at easing trade tensions and advancing cooperation on global security.

The 100-minute meeting, held in a modest facility near Busan’s airport, marked the first face-to-face encounter between the two leaders since 2019.

Trump described the exchange as “amazing” and rated it “12 out of 10,” while Xi praised his counterpart’s “enthusiasm for global peace,” referencing Trump’s role in brokering the recent Gaza ceasefire. The summit produced a reduction in U.S. tariffs on Chinese goods, a renewed commitment to curbing fentanyl flows, and a pledge to collaborate on ending Russia’s war in Ukraine. Trump emphasized the urgency of the Ukraine conflict, noting both sides agreed to work together despite Beijing’s continued oil trade with Moscow.

The dialogue also touched on rare earth exports and agricultural trade, with China placing a substantial soybean order after months of boycotts.

Semiconductor discussions positioned the U.S. as a neutral facilitator, though no breakthroughs were announced. Financial markets responded positively, with major indices in Shanghai and Hong Kong posting gains and the yuan strengthening against the dollar.

Despite the upbeat tone, analysts warned that the summit skirted deeper geopolitical divides, including Taiwan, which was notably absent from the agenda. Sky News’ Helen-Ann Smith described the outcomes as “low-hanging fruit,” cautioning that trust remains fragile and enforcement mechanisms unclear.

Controversy preceded the summit when Trump posted on Truth Social directing the newly renamed “Department of War” to resume nuclear testing, citing the need to match Russia and China. The announcement drew criticism for escalating rhetoric and overshadowed the summit’s diplomatic overtures.