Trump-Xi Truce Buys Time as Both Seek Leverage in Bigger Fight
Update: 2025-10-30
Description
Trump and Xi's Tariff Truce: A Temporary Pause in a Long-standing RivalryPresident Trump and Chinese leader Xi Jinping agreed to a one-year tariff truce, but the deal mostly buys time rather than solving underlying issues. The pause helps steady things, but trade imbalances and technology competition remain untouched. Trump agreed to cut tariffs on fentanyl and maintain the current truce on mutual tariffs, while China gets a pause on new restrictions on blacklisted companies. The deal fell short of delivering structural changes, and both sides are building their own economic ecosystems, making a full reset less likely. Financial markets were unimpressed, and analysts see this as a short-lived breather in an ongoing contest. Trump is touting political wins with farmers, but deeper disputes over trade and technology are unlikely to go away. The reality is, Washington and Beijing are drifting further apart, and any handshake deals made now are probably only temporary pauses in a rivalry that's likely to stretch on for years.
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