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Trump Seeks Trade Deal With Xi in Long-Awaited Meeting
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October 24, 2025
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5:02Now PlayingMargaret Brennan, Host of CBS' Face The Nation, discusses the latest DC headlines including President Trump's planned meeting with Chinese President Xi Jinping on Thursday, the ongoing government shutdown, and the demolition of the White House's East Wing.
US President Donald Trump is aiming for a quick win in a pivotal Thursday meeting with Chinese counterpart Xi Jinping, even if the outcome falls short of the sweeping deal he’s teased on issues at the heart of the rivalry between the world’s two largest economies.
Ahead of the sit-down, the US president said he wants to extend a pause on higher tariffs on Chinese goods in exchange for Xi resuming American soybean purchases, cracking down on fentanyl and backing off restrictions on rare-earth exports — all while maintaining some trade barriers he sees as essential.
“We’ll make a deal on, I think, everything,” Trump told reporters this week.
Trump has also floated an elusive agreement on nuclear weapons and expressed a desire to convince Xi to pressure Russian President Vladimir Putin to end his invasion of Ukraine, an outcome that would burnish Trump’s peacemaking credentials on the heels of the ceasefire between Israel and Hamas.
Yet Trump’s pursuit of deals often emphasizes style over substance, and analysts expect any agreement reached at their South Korea summit would simply dial down tensions following weeks of escalating threats, trade retaliation and harsh rhetoric — far from a sweeping accord that addresses core conflicts. The US president departs Friday for a three-nation tour of Asia.
“Both sides are clearly seeking stability in the relationship,” said Henrietta Levin, a former White House China adviser now at the Center for Strategic and International Studies. “But stability on whose terms is an open question, and one where I think unfortunately Beijing is holding the cards.”
When asked whether Xi would sit down with Trump during the upcoming Asia-Pacific Economic Cooperation summit in South Korea, Chinese Foreign Ministry spokesman Guo Jiakun said at a regular press briefing in Beijing on Friday that the two countries “are maintaining close communication regarding the meeting.”
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