Trump and Xi Seek Stable US-China Relations in Meeting

Donald Trump sounded triumphant afterwards. But in his first meeting with Chinese counterpart Xi Jinping since returning to office in January, the US president had to give at least as much as he got. Trump declared the two leaders had “settled” their differences on one of the thorniest issues, and a major source of Beijing’s leverage: access to China’s rare earths. “There’s no roadblock at all on rare earth,” he said Thursday aboard Air Force One. “That will hopefully disappear from our vocabulary for a little while.” What Trump chalked up as a win — for the global economy as well as the US — was China’s agreement to wait one year before implementing a sweeping regime of export controls for critical minerals that are crucial in all kinds of industries. Read more: https://www.bloomberg.com/news/articles/2025-10-31/trump-touts-rare-earth-win-in-talks-that-showed-xi-s-strong-hand #politics #trump #worldnews #us #russia #putin #china #ukraine ---------- Like this video? Subscribe https://www.youtube.com/@Bloomberg-News Bloomberg News is the first word in business news. Visit bloomberg.com for the latest on global business, markets and more. Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals Bloomberg on YouTube: https://www.youtube.com/@business https://www.youtube.com/@markets https://www.youtube.com/@BloombergTechnology https://www.youtube.com/@BloombergPodcasts Connect with us on social: https://www.instagram.com/bloombergbusiness https://www.linkedin.com/company/bloomberg-news https://www.tiktok.com/@bloombergbusiness https://www.facebook.com/bloombergbusiness