Trump and Xi meet to resolve tariff tensions

US President Donald Trump and Chinese Communist Party leader Xi Jinping met face-to-face in South Korea to strengthen ties and resolve tariff tensions.

Before the bilateral meeting, Trump indicated that the parties are showing signs of alignment, Saying: “We have agreed on many things and we will agree on some more now.”

“I think we’re going to have a fantastic relationship for a long time,” Trump said In a video posted on X by the White House on Thursday. The quick response 47 x account confirmed That meeting has since been wrapped up.

President Donald J. Trump meets with Chinese President Xi Jinping in South Korea.

“I think we’re going to have a fantastic relationship for a long time, and it’s an honor to have you with us.” pic.twitter.com/ispvbzkvn3

– The White House (@Whitehouse) October 30, 2025

Trump’s use of tariffs since returning to the White House, combined with China’s retaliatory limits on exports of rare earth elements, have fueled fears of an economic slowdown, with some of the most severe tariff implementations triggering Crypto market crashes In recent months.

That includes the October market crash, which saw Bitcoin (BTC) fall from $ 121,560 to below $ 103,000.

Reports from the mainstream media indicate that the US or China are willing to risk stabilizing the world economy, guaranteeing a meeting in person to decide how best to move forward with tariffs.

Trump is not expected to follow through on recent tariff threats

US officials have signed off on Trump not intending to follow through on his threat to impose an additional 100% import tax on Chinese goods, while China is expected to ease export controls on rare earths and potentially buy soybeans from the US.