Trump and Xi Conference Aims to Address Tariff Disputes

US President Donald Trump and Chinese Communist Party leader Xi Jinping have met in South Korea to stabilize relations and address tariff tensions.

Prior to the bilateral discussion, Trump suggested the parties are finding common ground, stating: “We’ve already agreed to a lot of things and we will agree to some more right now.”

“I think we’re going to have a fantastic relationship for a long period of time,” Trump mentioned in a video shared on X by The White House on Thursday. The Rapid Response 47 X account confirmed that the meeting has concluded.

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 period of time, and it is an honor to have you with us.” pic.twitter.com/ISpVBzkvN3

— The White House (@WhiteHouse) October 30, 2025

Trump’s application of tariffs since his return to the White House, alongside China’s retaliatory restrictions on exporting rare earth elements, has heightened concerns about an economic downturn, with significant tariff actions recently causing dips in the crypto market.

This includes the market drop on Oct. 10, where Bitcoin (BTC) fell from $121,560 to below $103,000.

Reports indicate that neither the US nor China wishes to endanger the global economy, necessitating an in-person meeting to discuss the tariffs moving forward.

Trump not anticipated to proceed with recent tariff threat

US officials have indicated that Trump does not plan to follow through on his threat to impose an additional 100% import tax on Chinese goods, while China is expected to reduce export controls on rare earths and could purchase soybeans from the US.