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Trump, Xi Seek Trade Truce Amid Economic Tensions

10/29/2025

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Story summary
  • U.S. President Donald Trump will meet Chinese President Xi Jinping at the APEC summit in South Korea to pursue a temporary trade truce.
  • The talks occur as U.S. inflation and China's youth unemployment create a challenging economic backdrop.
  • The summit is not expected to yield a comprehensive agreement, but to ease tensions.
  • Trump has signed trade deals with Malaysia, Cambodia, and Thailand to counter China’s influence, with market impacts possible.