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Trump, Xi to Meet, Finalize US-China Trade Truce
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October 29, 2025
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1:55Now PlayingBloomberg's Tyler Kendall previews the long-awaited meeting between Donald Trump and Xi Jinping in South Korea and the US and China make an attempt at a new era of US-China trade.
Donald Trump and Xi Jinping are set to finalize a détente as they meet Thursday in South Korea, putting the world’s biggest trade fight on hold — at least for now.
Initial signals indicate the leaders are readying a pact that could see a rollback of some tariffs, fees and export restrictions threatened or implemented in recent months. That includes a reduction in US duties linked to fentanyl, approval of the sale of TikTok’s US operations, soybean purchases and a deal to halt measures including China’s sweeping plan to require licenses for goods with even a trace amount of its rare earths.
The moment is a watershed — for the global economy, markets and companies that rely on trade as well as for key sectors, such as semiconductors and shipping, that have become bargaining chips in the broader conflict. Still, the outcome looks more like a temporary pause in hostilities rather than a durable agreement that will alter the trajectory of a managed decoupling of the world’s two leading economies.
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