Trump and Xi seal one-year trade truce
Change
US President Donald Trump and Chinese President Xi Jinping sealed a one-year trade truce at the APEC summit in South Korea on October 30, 2025.
Why it matters
The leaders agreed to a one-year truce that pauses mutual escalation in trade measures between the United States and China. The agreement was sealed on the sidelines of the Asia-Pacific Economic Cooperation summit in South Korea during their first face-to-face meeting since 2019. The United States suspended changes it made in September to its export control list. The truce offered a reprieve to businesses unsettled by months of earlier escalation.
Implications
- • Reciprocal trade measures between the United States and China are paused for one year.
- • Changes made in September to the US export control list are suspended.
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Topics
International Affairs Policy & Regulation Trade & Tariffs Regulatory Actions Economy