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Trump, Xi may declare trade truce after chaos

Hindustan Times Noida

|

October 30, 2025

Donald Trump and Xi Jinpingare set to finalise a detente as they meet on Thursday in South Korea, putting the world’s biggest trade fight on hold —at least for now.

- Bloomberg

Initial signals indicate the leadersare 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.

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