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Trump seeks elusive trade deal with Xi in high-stakes meeting

today24 October 2025

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Xi Jinping Donald Trump
US President Donald Trump’s negotiating style is expected to be fundamentally different from Chinese President Xi Jinping’s. (AFP pic)
WASHINGTON:

US President Donald Trump is aiming for a quick win in a pivotal meeting yesterday 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…

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Written by: Bloomberg


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