Trump, Xi Meet in South Korea to Ease Trade Tensions

On October 30th, President Trump and Chinese leader Xi Jinping meet in Busan, South Korea, to ease recent trade tensions. Both leaders signal willingness to compromise, with Trump potentially easing tariffs and China loosening rare earth controls. Markets react positively, but the peace may be temporary, as both sides maintain pressure tactics. The talks take place in a modest military base building, with a 'preliminary consensus' reached in prep meetings. Trump suggests lowering fentanyl-related tariffs if China helps. After the meeting, Trump returns to Washington while Xi stays for APEC meetings, with China aiming to appear as a steady economic partner. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.