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Trump and Xi Seek Trade Deal Amid Global Tensions

10/28/2025

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Trump and Xi Trade Talks
  • China maintains significant leverage over the U.S. in the rare earth minerals market, underpinning technologies.
  • Ahead of APEC meeting, U.S. President Donald Trump and President Xi Jinping announced a potential trade agreement to avert tariffs.
  • Trump signed an $8.5 billion agreement with Australia to strengthen mineral supplies.
  • Xi Jinping's domestic consolidation of power contrasts with Trump's challenges, including a potential government shutdown.
  • The meeting's outcome could affect global economic stability.
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