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International Business Times UK

World

Trisha Kae Andrada

Trump and Xi Strike New Deal That Shifts Global Markets: Is the US-China Trade War Finally Cooling?

China United States Donald Trump Xi Jinping White House Beijing Nexperia Washington D.C.

President of the United States Donald Trump greets General Secretary of the Chinese Communist Party Xi Jinping before a bilateral meeting at the Gimhae International Airport terminal, Thursday, October 30, 2025, in Busan, South Korea. (Credit: The White House)

The United States and China have reached a landmark trade agreement that could ease months of economic tension between the world's two largest economies.

The deal was announced after a high-level meeting between US President Donald Trump and Chinese President Xi Jinping in South Korea this week. It contains commitments to resume chip exports, expand soybean purchases, and relax restrictions on critical commodities.

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