Trump Confident Of Deal With Xi Jinping On October 30
Trump Confident About Trade Deal With Xi Jinping on October 30
U.S. President Donald Trump expressed optimism that the U.S. and China are close to reaching a major trade agreement during his upcoming meeting with Chinese President Xi Jinping in South Korea on October 30 — a move that could ease years of economic tension between the world’s two largest economies.
Preliminary US-China Trade Deal Framework Completed
According to White House sources, both delegations have finalized a preliminary trade framework that includes key commitments preventing Washington from imposing a 100% tariff on Chinese goods. The deal reportedly covers strategic mineral exports and high-tech trade, two critical sectors for both economies.
The official meeting between Trump and Xi Jinping is set to take place on the sidelines of the 2025 APEC Summit in Gyeongju, South Korea. It will be their first face-to-face dialogue since 2019, marking a potential reset in U.S.-China relations.
Breakthrough Expected on TikTok Issue
During his trip to Asia, President Trump revealed that Beijing had “agreed in principle” to allow U.S. investors to lease TikTok’s algorithm — a key point of dispute in recent years. If finalized, the deal could represent the first major breakthrough in U.S.-China technology cooperation under Trump’s second term, opening new access for American firms in the Asian market.
Progress on Rare Minerals and Fentanyl Control
U.S. Treasury Secretary Scott Bessent said the two sides have made clear progress on rare earth minerals, vital to the semiconductor and green energy industries. China reportedly agreed to ease export restrictions on these critical materials, benefiting American manufacturers.
The new trade framework also includes cooperation on fentanyl control, aiming to curb the synthetic opioid crisis in the U.S. Moreover, China has agreed to increase agricultural imports from the U.S., expanding the deal’s economic impact beyond expectations.
Trump’s “Tough but Practical” Negotiation Strategy
Previously, Trump had warned that a 100% tariff on all Chinese imports would take effect on November 1, 2025, if talks failed to progress. However, with this preliminary deal, the risk of a new trade war appears temporarily lifted, stabilizing market sentiment and boosting business confidence.
Analysts say Trump is pursuing a “tough but pragmatic” negotiation strategy — using tariff pressure to force concessions from Beijing while keeping the door open for dialogue to protect U.S. economic interests.
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