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A trade truce, a nuclear threat: What to make of the Trump-Xi meeting

5 0
30.10.2025
President Donald Trump takes part in a welcoming ceremony with China’s leader, Xi Jinping, on November 9, 2017 in Beijing during Trump’s first term in office. | Thomas Peter/Pool/Getty Images

Since President Donald Trump’s second term began, his administration’s approach to China has been arguably the toughest aspect of its foreign policy to parse. In part, that’s because the top members of Trump’s team haven’t always seemed to be on the same page with each other or with the president on the question of just how confrontational to be with America’s closest superpower rival.

If there was something of an emerging consensus, it was that Trump has been willing to confront China on trade and economic issues — though through its effective weaponization of rare earth mineral supply chains, the nation has proved tougher to pressure via trade than most other countries on the receiving end of Trump’s tariffs. At the same time, he has been less interested in competing militarily and geopolitically with China, a competition that has consumed much of Washington — including his own first-term administration — in recent years.

Heading into Trump’s meeting on Thursday with Chinese leader Xi Jinping in South Korea, Semafor’s Ben Smith predicted the occasion would “end Washington’s decade of China hawks.” The fear among many was that Xi would exploit Trump’s desperation for a trade deal for concessions on the geopolitical questions he knows Trump is less interested in. In particular, Xi is reportedly seeking a statement from Trump formally opposing Taiwan’s independence. (The current US position is that it does not support a unilateral move toward Taiwan independence. That might not seem like a major distinction, but this is a conflict where subtleties like this can have enormous consequences.) Before the meeting, one Trump aide told NBC News that “everyone is holding their breath” to hear what he would say about Taiwan.

In the end, according to Trump, the issue did not even come up at the meeting in Korea. In the talks that Trump rated a “12 out of 10,” the two leaders reached a truce of sorts of trade issues: Trump said he would reduce tariffs on China by 10 percentage points, while Xi agreed to resume US soybean purchases, lift restrictions on rare earths exports, and promised to crack down on Chinese exports of chemicals that are used to make fentanyl.

So, has the temperature been lowered? Well, sure — for all issues but the small matter of nuclear war.

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