US-China Trade Deal: Governments Statements

On October 30, 2025, President Xi Jinping and President Donald Trump met in Busan, South Korea, reaffirming their commitment to strengthen economic and trade relations between China and the United States.

The leaders announced new measures to stabilize bilateral trade, including the suspension of a range of tariffs and the easing of export restrictions, aimed at supporting global supply chains and restoring business confidence. Both sides agreed to maintain dialogue on key economic issues and to advance cooperation in sectors such as technology, energy, and manufacturing.

President Xi highlighted the importance of partnership and steady communication, while President Trump called the agreement a major step toward a more balanced and constructive economic relationship.

White house official release:

https://www.whitehouse.gov/fact-sheets/2025/11/fact-sheet-president-donald-j-trump-strikes-deal-on-economic-and-trade-relations-with-china/

State Council official release:

https://english.www.gov.cn/news/202510/30/content_WS69030e3bc6d00ca5f9a072f7.html