UPDATE 13-Trump shaves China tariffs in deal with Xi on fentanyl, rare earths
Published on: Oct. 30, 2025, 3:07 p.m. | Source: Devdiscourse
In the run-up to the meeting, world stock markets from Wall Street to Tokyo had hit records on hopes of a breakthrough in a trade war between the world's two largest economies that has disrupted supply chains and rocked global business confidence. Trump repeatedly talked up prospects of reaching agreement with Xi since U.S. negotiators on Sunday said they had agreed a framework with China to avoid 100% U.S. tariffs on its goods and defer China's export curbs on rare earths.
