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Trump-Xi meeting: An economic truce born of mutual pain

The world’s two largest economies have discovered that neither can afford unlimited confrontation – at least for now

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    • The Trump-Xi meeting represents successful crisis management rather than strategic reconciliation, says the writer.
    • The Trump-Xi meeting represents successful crisis management rather than strategic reconciliation, says the writer. PHOTO: REUTERS

    Leon Hadar

    Published Thu, Oct 30, 2025 · 02:51 PM

    THE Trump-Xi meeting in South Korea on Thursday (Oct 30) represents a tactical pause in what has become an economically punishing conflict for both nations.

    Senate Democrats warned ahead of the meeting that Trump was “losing a self-inflicted trade war” with China, leaving the US with a “weak hand”; yet, the outcome suggests both leaders found compelling reasons to step back from the brink.

    The economic stakes driving this detente are enormous.

    US-China relationsTrade warRare earth metalssoybeansTrump tariffs

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