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| Photo Online (X/Twitter) / President Trump says "we'll be fine with China. |
Former U.S. President Donald Trump has acknowledged that his proposed 100% tariffs on Chinese imports are “not sustainable,” signaling a possible shift in tone ahead of his upcoming summit with Chinese President Xi Jinping.
In an interview with Fox Business, Trump confirmed that he will meet Xi in two weeks at the Asia-Pacific Economic Cooperation (APEC) forum in South Korea. The discussions are expected to focus on easing trade tensions, addressing supply chain challenges, and resolving disputes over rare earth mineral restrictions — a key issue for global technology manufacturing.
Trump’s remarks helped calm investor concerns, leading to a rebound in U.S. stock markets, particularly in the tech sector, which had been hit hard by fears of a full-blown trade war. Meanwhile, the cryptocurrency market saw heightened volatility, with Bitcoin briefly plunging below $105,000, triggering over $1.2 billion in liquidations before stabilizing later in the day.
Analysts believe that Trump’s softer stance and the planned meeting with Xi could mark a temporary thaw in U.S.-China economic relations, though long-term trade policy remains uncertain.
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