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Trump and Xi Strike Tentative Deal Amidst Ongoing US-China ...
2025-10-31 10:30:12
Asia
China
Economy

Trump and Xi Strike Tentative Deal Amidst Ongoing US-China Rivalry

Recent developments in US-China relations have underscored a complex and competitive dynamic, particularly highlighted during the APEC summit in South Korea. A meeting between Presidents Trump and Xi yielded a tentative agreement to lower tariffs, with China committing to address fentanyl production and resume soybean purchases from the US.

Despite this truce, experts caution that tensions will persist, indicating a continued rivalry. Xi Jinping's call for 'inclusive globalization' emphasizes cooperation over protectionism, as he advocates for the protection of global supply chains amidst rising uncertainties.

Meanwhile, Trump's focus on bilateral agreements, as opposed to multilateralism, reflects a broader disengagement from collaborative frameworks. The ongoing trade disputes and the strategic maneuvering of both nations signal that the path to stable relations remains fraught with challenges.

As APEC looks towards future cooperation, the interplay between competition and collaboration will be crucial for regional stability.

Related news on that topic:

Trump and Xi's Meeting Signals Temporary Truce in Trade Rivalry

The meeting between US President Donald Trump and Chinese President Xi Jinping in South Korea represents a pivotal moment in addressing ongoing trade tensions between the two nations. Despite months of tariffs and economic rivalry, both leaders have shown signs of compromise, with Trump considering reducing tariffs on Chinese goods and China easing its export controls on rare earth elements. While there's a hopeful outlook for a trade deal, the agreements reached only signify a temporary truce rather than a comprehensive resolution. The discussions included crucial topics such as rare earths, trade agreements, and the geopolitical landscape involving Taiwan and Ukraine. Although both sides have made concessions, such as the US reducing its 'fentanyl tariffs' and China resuming soybean imports, these moves are accompanied by an underlying strategic tension. This fragile agreement is set to last only one year, leaving room for future negotiations and potential confrontations. Experts emphasize that while immediate tensions may ease, the fundamental rivalry and economic competition persist. The talks underscore the high stakes of their confrontation, prompting both countries to reassess their strategies without fully resolving deeper, long-term issues. This dynamic highlights an evolving global economic landscape where cooperation and competition coexist.

Can Trump and Xi Strike a Trade Deal at APEC Summit?

The upcoming meeting between Donald Trump and Xi Jinping at the Asia Pacific Economic Cooperation summit could mark a pivotal moment in US-China relations, which have been strained since 2019 due to ongoing trade tensions. Key discussions are expected to focus on rare earth minerals and a potential trade deal that might lower tariffs on Chinese goods in exchange for Beijing's efforts to curb fentanyl production. The high tariffs, with China's averaging 32.6% on US exports and the US imposing 57.6% on Chinese exports, have been a significant point of contention. Experts suggest a possible agreement on export controls for rare earths could benefit both nations economically. Despite Trump's optimism about achieving a 'great deal,' skepticism remains, particularly from Washington hawks concerned about Taiwan. Meanwhile, China is doubling down on its technological and industrial ambitions, aiming for global leadership in these sectors. The potential for a new trade deal has caused fluctuations in global markets, with cryptocurrency markets responding positively to news of a 'basic consensus' being reached. As the two leaders prepare for their first face-to-face meeting since 2019, the world watches closely, hoping for a resolution that could ease months of economic turbulence.

Read 11 more recent news on this topic

The press radar on this topic:

Diplomacy - South China Morning Post
31. Oktober 2025 um 02:45

China’s Xi Jinping addresses Apec with call to protect global supply chains

Chinese President Xi Jinping called on world leaders to protect global supply chains, citing growing uncertainty in the Asia-Pacific region. He urged countries to 'join hands' and adhere to multilateralism, rather than pursuing protectionist policies that 'break chains'. Xi emphasized the need for international cooperation to ensure stability in a rapidly changing global landscape.
EL PAÍS
31. Oktober 2025 um 04:40

Trump-Xi meeting delays final settlement on trade

The recent Trump-Xi meeting has put off a final reckoning on trade issues, but unresolved tensions remain. China's investment in Brazil's agricultural sector grows with companies like BYD and Meituan expanding. Nvidia's Blackwell AI chips are under export control scrutiny. US-China rivalry extends to Taiwan. The US-China relationship is strained due to ongoing trade tensions, despite the temporary reprieve provided by the meeting.
Deutsche Welle
30. Oktober 2025 um 13:51

US-China dysfunction overshadows APEC summit

This article discusses recent developments in US-China relations, specifically a meeting between Presidents Donald Trump and Xi Jinping on the sidelines of the APEC summit in South Korea. The meeting yielded a tentative agreement to lower tariffs in exchange for China cracking down on fentanyl production. China also agreed to purchase soybeans from the US after cutting off purchases amid an escalating trade war. Despite this truce, experts warn that US-China relations will remain intensely com..
Thế giới - VnExpress
31. Oktober 2025 um 07:55

Chủ tịch nước đề xuất ba trọng tâm hợp tác của APEC

At the APEC Summit 2025, President Lương Cường emphasized the need for increased connectivity and resilience among APEC economies, particularly developing ones, in the face of external shocks and technological disruptions. He proposed three key areas of cooperation: streamlining supply chains and infrastructure through digitalization, promoting trade and investment, and supporting small and medium-sized enterprises to access capital, technology, and markets. Vietnam, as host for 2027, will col..
CW

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