trump xi busan handshake

11/01/2025

By [Trend Scoop Global] | November 1, 2025 | Global Politics

SHOCKING Trump-Xi Deal: Tariffs slashed to 47%, soybeans return. Full Trump Xi meeting results, India-US impact & Fox analysis. The Trump-Xi Deal dominates global headlines, with current China tariffs now at 47% and Trump China soybeans exports set to surge.

: Breaking: Shocking Trump-Xi deal cuts tariffs to 47%, revives soybeans trade. India-US trade deal nears 15% cuts. Full Trump Xi meeting results.

Trump-Xi Deal: Trump and Xi handshake at Busan summit 2025
Trump-Xi Deal

In a dramatic pivot from months of escalating tensions, President Donald Trump and Chinese President Xi Jinping emerged from their October 30, 2025, summit in Busan, South Korea, with a one-year trade truce that slashes current China tariffs and revives key US exports like Trump China soybeans. Trump hailed the Trump Xi meeting results as a “12 out of 10,” while Fox News coverage dubbed it a “China deal Trump Fox” masterstroke. But with US-China trade deals hanging on fragile commitments and global ripples hitting allies like India, is this Trump China deal a lasting victory or just a temporary bandage on a $500 billion deficit?

The Trump Xi meeting time โ€“ a tense 1 hour and 40 minutes on the sidelines of the APEC summit โ€“ capped Trump’s Asia tour amid threats of 100% tariffs and China’s rare earth export bans. Trump, fresh off hinting at a full reset, announced immediate cuts to current China tariffs, dropping the average US levy on Chinese goods from 57% to 47%. In return, Xi pledged to curb fentanyl precursors (halving the related 20% tariff to 10%) and suspend rare earth controls for a year โ€“ a boon for US tech and defense industries.

Current China Tariffs: From 145% Peak to 47% Truce โ€“ What’s Changed in the Trump-Xi Deal?

Under the Trump-Xi Deal, current China tariffs have plummeted from mid-2025 highs of 145% (US on China) and 125% (China on US) to a more manageable 47% average US levy โ€“ a 10-point drop that eases pressure on $5.7B in imports like electronics and furniture. This truce, effective immediately, builds on August’s temporary cap at 30% (plus 20% fentanyl levy) and avoids Trump’s threatened 100% escalation.

China reciprocates with a steady 10% on US goods, per White House readouts, while suspending rare earth controls for a year โ€“ a lifeline for US defense and EV makers. Bessent, in China deal Trump Fox interviews, called it a “bigger picture” equilibrium, with potential for Alaskan energy sales and 15% revenue shares from Nvidia/AMD chips. Yet, the Peterson Institute notes rates remain 1.5x pre-2025 levels, with port fees adding hidden friction.

Post-Busan, the Trump China deal locks in 47% average โ€“ a 10-point drop โ€“ covering $5.7 billion in 2024 imports like furniture (down 22% YOY). China’s side? A 10% reciprocal rate on US goods, per the White House. Treasury Secretary Scott Bessent, speaking on Fox Business, called it a “bigger picture” win, teasing Alaskan energy sales and Nvidia/AMD chip revenue shares (15% to US gov).

Critics like the Peterson Institute warn it’s still 1.5x higher than pre-2025 levels (51.1% US vs. 32.6% China averages). Port fees on Chinese ships โ€“ matched by Beijing โ€“ add friction, per Politico.

Key Tariff Shifts at a Glance

CategoryPre-Truce (Mid-2025)Post-Trump Xi DealImpact
US on China (Avg.)57%47%$3.6B revenue drop; eases electronics/furniture
China on US (Avg.)10%10% (reciprocal)Steady; boosts ag exports
Fentanyl Levy (US)20%10%Halved on precursors; Xi’s “strong action” pledge
Rare EarthsExport bans threatened1-Year suspensionUS tech/defense relief

Trump China Soybeans: Farmers’ Lifeline in the Deal

No element screams “win” louder than Trump China soybeans. US farmers, battered by China’s boycott since May (sourcing from Brazil/Argentina instead), finally see relief. Bessent revealed on Fox: 12M metric tons by January, then 25M annually for 3 years โ€“ restoring pre-war levels (34M tons in 2020).

Trump touted it aboard Air Force One: “Massive amounts of soybeans… our great farmers prosper.” This echoes Phase One (2019), where China pledged 142M tons but underdelivered. Southeast Asia adds 19M tons, per Bessent. Futures jumped post-announcement, but experts like CSIS’s Luck call it “peanuts” vs. harvest needs. Overall, the Trump-Xi Deal could restore $10B+ in annual US ag revenue.

India-US Trade Deal: How the Trump-Xi Deal Reshapes Global Alliances

The **Trump-Xi Deal** has supercharged the **India-US trade deal**, turning it into a strategic counterweight against Chinaโ€™s influence. Talks are nearing closure at the ASEAN Summit, slashing US tariffs on Indian exports from 50% to 15โ€“16% (per Mint/Reuters). In return, India phases out Russian oil purchases (hit by Trumpโ€™s 25% penalty) and opens ag/dairy markets to US corn and soy.

Bilateral trade reached $132B in FY25 (up 10%), with a $500B goal by 2030. MEAโ€™s Jaiswal called progress โ€œconstructiveโ€ฆ early conclusion eyed.โ€ The Trump-Modi February pact laid the foundation, but ag barriers (India 39% vs. US 5%) stalled momentumโ€”until the **Trump-Xi Deal** shifted the balance. Foxโ€™s Bessent hailed it as โ€œequilibrium,โ€ though IP and market access concerns linger.

The Bigger Picture: Fragile Truce or Trump’s Trade Triumph?

The China deal Trump Fox narrative โ€“ Bessent’s Fox interviews hyping soybeans and energy โ€“ paints a rosy picture. But Reuters calls it a “tactical truce,” not reset โ€“ root issues like IP theft and subsidies linger. Xi’s “hard-won” results buy time for China’s green tech dominance, per Guardian.

Globally, it stabilizes markets (Dow up 600 pts post-jobs report), but risks resurface November 2026. Taiwan? Untouched, per NPR. TikTok? Approved for US sale, Bessent confirmed on Fox.

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