Trump scores big wins on China trade deal during historic Asia trip

President Donald Trump, our chief dealmaker, has had nice success in Asia. And never simply with Chinese language President Xi Jinping. Harnessing the ability of the US financial system, Trump is upending globalism with new bilateral commerce offers, record-breaking US direct funding, and a path to dominate synthetic intelligence (AI).

Even earlier than his assembly with Xi, Trump was busy restoring financial safety. Its bilateral commerce agreements with Asian nations are making an essential contribution to repairing the harm precipitated after the West naively admitted China to the World Commerce Group’s no-tariff zone in 2001.

Then in Busan, South Korea, Trump took motion on soybeans, uncommon earths, restrictions on fentanyl and even perhaps elevated oil gross sales to China.

Xi felt the partitions closing in. America has allies and associates. China has Russian President Vladimir Putin.

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US President Donald Trump shakes arms with Chinese language President Xi Jinping as they maintain a bilateral assembly at Gimhae Worldwide Airport, on the sidelines of the Asia-Pacific Financial Cooperation (APEC) summit, in Busan, South Korea, October 30, 2025. (REUTERS/Evelyn Hockstein)

The US-China deal is successfully a one-year truce that may keep away from the 100% penalty that Trump threatened to impose on China. The query is whether or not China will preserve this up. Usually not. It would not matter. With $525 billion in exports to the US in 2024, America is by far China’s largest buying and selling associate, giving Trump leverage if China tries commerce battle ways once more.

Listed below are Trump’s 4 wins and one massive miss:

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Turning the tables on uncommon earth minerals

Withholding gross sales of processed uncommon earths has been China’s sharpest commerce weapon, roiling markets and threatening factories around the globe. Xi agreed to open up, however Trump is taking part in the lengthy recreation to scale back China’s market share by boosting international manufacturing from associates and allies.

Sooner than children grabbing sweet on Halloween, Trump signed manufacturing pacts for essential minerals with a number of nations together with Australia, Malaysia, Vietnam and Japan. “In a couple of 12 months we may have so many important minerals and uncommon earths that you simply will not know what to do with them,” Trump stated throughout Australian Prime Minister Anthony Albanese’s go to. The offers are the brainchild of Commerce Secretary Howard Lutnick. The BBC known as the uncommon earth offers “a turning level within the US-China rivalry.”

A victory for soybean farmers

TRUMP’S FOCUS TURNS TO JAPAN AND SOUTH KOREA TO ASIA TRIP CONTINUES

At $12 billion yearly, soybeans are by far the biggest U.S. agricultural product exported to China. That is why China stopped shopping for American soybeans in Could. That is over, as Xi pledged to catch up this 12 months after which purchase 25 million tons yearly, near the 27 million tons purchased in 2024. Republican Iowa Rep. Zach Nunn advised The Iowa Dispatch it was “an essential first step.”

AI chips

Settle down. Sure, for instance, we would like NVIDIA to promote AI chips to China. Simply not the perfect. “We’re not speaking in regards to the Blackwell,” Trump clarified. That is the deal. Gross sales = revenue = funding = dominant international market share = beating China. The Biden administration was simply attempting to restrict U.S. gross sales, however that was a basic misunderstanding of what it is going to take to beat China in AI.

TRUMP CLAIMS ASIA TOUR BROUGHT BACK ‘TRILLIONS’ TO US, Forward of CRITICAL MEETING WITH CHINA’S XI

You see, chips alone do not decide the winner. The secret is builders’ use of the complete US AI stack, together with software program, cloud and chips, working at pace in US knowledge facilities around the globe. A part of that technique is for Chinese language builders to purchase and use good chips, however not the perfect. Be certain that the world continues to run the American AI stack, and China can be not noted of market share and improvements. Nice.

Direct funding within the US

That is phenomenal. South Korean cash will restore the Philadelphia shipyard. Japanese cash will help essential new power infrastructure, from fuel generators to small modular nuclear reactors. It began in Could with the UAE, Saudi Arabia and Qatar, and now Asian allies are clamoring for US funding.

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President Donald Trump speaks to reporters aboard Air Pressure One as he travels from Kuala Lumpur, Malaysia, to Tokyo, Japan, Monday, Oct. 27, 2025. (Mark Schiefelbein/AP)

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Trump has secured greater than $18 trillion in funding commitments for the whole lot from shipyards to AI knowledge facilities and aluminum smelting. “I feel we’ll get to $21 or $22 trillion by the point I end my first 12 months,” Trump stated in South Korea on Wednesday. Trump is making a revenue. Name it payback for many years of unequal tariffs and transport manufacturing abroad.

Ukraine and the China-Russia alliance

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The large miss of this journey will sadly be Ukraine. Trump tried. “Ukraine got here up very strongly. We talked about it for a very long time,” he advised reporters aboard Air Pressure One. Trump stated Xi “goes to assist us, and we’re going to work collectively in Ukraine.” Do not maintain your breath. Xi has stored Russia’s battle machine working with oil purchases and microelectronics. He may take the North Koreans out of the battle in Ukraine with one telephone name. China would not care if Russians and Ukrainians die and Europe is in panic.

Admittedly, the one glimmer of hope is that the 4 largest Chinese language firms have suspended purchases of Russian oil from the ocean following Trump’s sanctions on Rosneft and Lukoil. Trump selected to deal with financial points throughout his Asia journey, however there may be nonetheless a lot work to be executed with China.

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