Trump Xi Tariff Tango: Soybeans, Fentanyl & Rare Earth Drama

In a summit that sounds like a bizarre trade-themed reality show, Donald Trump and China's Xi Jinping met for 1 hour and 40 minutes in South Korea, negotiating tariffs from 57% down to a still-harsh 47% — barely a discount, but hey, who’s counting? Trump dubbed Xi a 'friend' and 'great leader,' which in diplomatic speak might mean 'I’m hoping you forget my last tweet.' The big swag? China agrees to buy US soybeans (the bean deal of the century), export rare earth minerals (fancy rocks both sides desperately need), and crack down on fentanyl (because why not fix the opioid crisis during trade talks?). Trump announced on Truth Social, a minute before the meeting, a fateful nuclear testing comeback after 30 years, which shockingly didn’t steal the conversation. Beijing’s official take remains a ghost story, as usual. Oh, and Trump’s plan to slap an extra 100% tariff? Now on pause, proving trade wars are as predictable as a TikTok dance craze. Next stop: Trump visits Beijing in April, continuing the soap opera where diplomacy meets Twitter explosions.

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Source: Axios | Published: 10/30/2025 | Author: Dave Lawler