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US-China Agreement at APEC: A Step Toward Lasting Cooperation?
2025-10-31 22:55:10
Asia
China
Politics

US-China Agreement at APEC: A Step Toward Lasting Cooperation?

Recent developments in US-China relations highlight the ongoing complexities and competitive nature of their partnership. During a meeting at the APEC summit, Presidents Donald Trump and Xi Jinping reached a tentative agreement involving tariff reductions and commitments from China to address fentanyl production and increase soybean purchases from the US.

This truce, while seen as a step toward easing tensions, has not resolved underlying issues, with experts cautioning about potential future conflicts, particularly regarding technology and Taiwan. Xi's call for inclusive globalization reflects a desire for enhanced cooperation amid challenges.

Additionally, Trump's promotion of the deal as a 'lasting' victory underscores a fragile optimism. However, analysts remain skeptical about the durability of this agreement, pointing out that core tensions persist.

Meanwhile, Hong Kong's Chief Executive emphasized the city's commitment to global trading norms, aiming to position Hong Kong as a pivotal trade hub in the Asia-Pacific region.

Related news on that topic:

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.

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 10 more recent news on this topic

The press radar on this topic:

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..
EL PAÍS
31. Oktober 2025 um 11:46

Xi Jinping proposes 'inclusive globalization' after trade truce with Trump

Xi Jinping's speech at APEC proposed an inclusive globalization, emphasizing cooperation among nations. China has secured a partial victory in its trade war with the US, analysts say. Trump signed several trade agreements with Asian countries, including Japan and South Korea. The agreement between the US and China also suspends a mechanism for exporting rare earth minerals and reduces tariffs on Chinese exports to the US.
Hong Kong economy - South China Morning Post
31. Oktober 2025 um 12:58

Hong Kong will uphold global trading rules, John Lee pledges at Apec gathering

Hong Kong's Chief Executive John Lee pledged at an Apec gathering in South Korea that the city will continue to uphold global trading rules despite economic uncertainty. He met with officials from around the world, including the IMF's managing director Kristalina Georgieva and President Xi Jinping of China. Lee encouraged investment in major local projects and promoted Hong Kong as a hub for trade and regional cooperation. The aim is to develop an open, dynamic, resilient, and peaceful Asia-Pa..
China Economy - South China Morning Post
31. Oktober 2025 um 22:00

Cuts to US ‘fentanyl tariffs’ help Chinese exporters close the gap on competition

The US cut its tariffs on Chinese imports by 10%, reducing them from 57% to 47%, following a meeting between President Xi Jinping and Donald Trump in South Korea. The move is expected to strengthen the competitiveness of Chinese exporters, particularly in mass-produced goods. Analysts point out that China's complete manufacturing infrastructure and economies of scale already give it an edge over other nations.
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