Politics10/29/2025•Bloomberg

Trump, Xi Likely to Pursue Trade Truce, Not Transformation, at Summit

Trump, Xi Likely to Pursue Trade Truce, Not Transformation, at Summit

The upcoming summit between US President Donald Trump and Chinese President Xi Jinping is expected to result in a trade truce rather than a comprehensive deal, according to analysts. While both leaders may seek to de-escalate tensions, any agreement reached is likely to be a "reset" rather than a transformative accord. The trade war between the world's two largest economies has been ongoing for over a year, with both sides imposing tariffs on billions of dollars' worth of each other's goods. Both Trump and Xi face domestic political pressures, which could make it difficult for them to reach a substantial agreement. Analysts suggest that the most probable outcome of the summit is a temporary truce, with the possibility of further negotiations and potential concessions from both sides. However, they caution that a comprehensive resolution to the trade dispute remains elusive, as the underlying issues, such as intellectual property rights and market access, have yet to be fully addressed.

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