Power Moves:
- Leaders meet in Busan to negotiate an end to the US–China trade war.
- Tariffs, technology, and rare earth exports dominate the agenda.
- A possible TikTok divestment and new market stability are in sight.
Inside the Summit:
President Donald Trump welcomed Chinese President Xi Jinping in Busan, South Korea, as the pair embarked on critical bilateral talks aimed at cooling one of the world’s most volatile trade relationships. Their highly anticipated meeting signaled renewed commitment to resolve months of tariff escalations and tech restrictions, with both sides seeking rapid progress on longstanding disputes. Trump’s call for a “substantial deal” received cautious optimism, but officials warned negotiations could stretch late into the night.
Why This Meeting Matters:
At the heart of the summit are concerns impacting global industry: tariffs impacting supply chains, US–China tech rivalry, and rare earth mineral exports central to modern manufacturing. For Trump, securing favorable terms means relief for American farmers and manufacturers—while Xi seeks to safeguard China’s export interests and leverage. The outcome will reverberate through markets, shaping policy for businesses and consumers in both nations.
World Stage Impact:
Diplomatic success here could boost Trump’s standing as a dealmaker and provide China breathing room for economic maneuvering. The summit’s results could alter international tensions, redefine technology rules, and set a precedent for cooperation amid rivalry. Both countries stand at a crossroad: resolve differences, fortify economies, or risk deepening strategic divides.
Summit Takeaway:
A forward-looking agreement would reset expectations for global commerce, offering stability for industries and hope for peaceful negotiation elsewhere. Both Trump and Xi face pressure to deliver not just symbolic progress, but actionable results that will shape 2026 and beyond.
