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Indonesia News Portal for Traders | Financial & Business Updates

23 October 2025 07:12  |

Trump Seeks “Big Deal” with Xi Amid Heated Trade War

US President Donald Trump plans to meet with Chinese President Xi Jinping in South Korea next week, hoping to reach several important agreements. Trump said he will discuss a range of major issues, from resuming soybean exports to China, cooperation on nuclear arms control, and Beijing's role in helping end the Russia-Ukraine war. He also touched on China's purchase of Russian oil, which he said could be part of an effort to pressure Moscow into negotiating for peace.

This meeting comes as relations between Washington and Beijing have again escalated after several months of relative calm. Trump recently imposed 100% tariffs on Chinese goods, set to take effect November 1, in response to Beijing's decision to restrict exports of rare earths—a crucial ingredient for the global technology industry. The move has raised fears of a new round of trade war between the world's two largest economies.

Meanwhile, several US officials are reportedly traveling to Malaysia to defuse tensions and seek support from Southeast Asian countries. All eyes are now on the Trump-Xi meeting in South Korea, which could be a turning point in US-China relations: will the two sides find a path to renewed cooperation or deepen a long-simmering conflict?

Key Point:

Trump is aiming for a "big deal" with Xi — from soybeans to Russian oil to nuclear weapons — amidst a heated tariff war that could destabilize the global economy. (asd)

Source: Newsmaker.id

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