Trump Xi Secure Fragile One-Year Trade Truce in South Korea

President Donald Trump and Chinese leader Xi Jinping met in South Korea during the APEC summit, marking their first in-person meeting since Trump returned to office. They discussed trade issues and the possibility of ending Russia's war against Ukraine, with Trump expressing optimism about the meeting as a foundation for lasting peace and prosperity. Xi emphasized the importance of maintaining stable industrial and supply chains and advocated for multilateral cooperation instead of breaking economic ties. The summit resulted in a one-year truce and a significant reduction in U.S. tariffs on Chinese goods, signaling progress toward a potential trade deal. Despite acknowledging ongoing frictions, both leaders stressed the need for mutual respect and cooperation to navigate complex economic and security challenges. Analysts note that while the meeting represents a positive step, underlying tensions remain, and the trade relationship is evolving amid broader geopolitical considerations.