President Donald Trump said he discussed numerous issues with Chinese communist leader Xi Jinping on Thursday, including a potential trade deal and the war between Russia and Ukraine.
Trump and Xi spoke for about an hour and 40 minutes in South Korea, the last leg of Trump&#8217;s weeklong trip to Asia. During the summit, Trump was joined by multiple top White House officials, including Secretary of State Marco Rubio, Treasury Secretary Scott Bessent, and Commerce Secretary Howard Lutnick.
“Overall, I guess on the scale of from zero to 10, with 10 being the best, I would say the meeting was a 12,” Trump said.
The president said that he and Xi have &#8220;come to conclusions on very many important points,&#8221; adding that a trade deal could be signed &#8220;pretty soon.&#8221;
<blockquote class="twitter-tweet" data-media-max-width="560">
.<a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a> on his meeting with President Xi: &#8220;I thought it was an amazing meeting&#8230; a lot of decisions were made, too — there wasn&#8217;t too much left out there, and we&#8217;ve come to conclusion on many very important points.&#8221; <a href="https://t.co/cr81Yojr24">pic.twitter.com/cr81Yojr24</a>
— Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1983911291866538068?ref_src=twsrc%5Etfw">October 30, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Here are the key points that Trump and Xi discussed:
<h3>Rare Earth Minerals</h3>
Trump secured an important win for the United States and the rest of the world on rare earth minerals, with Xi agreeing to pause export controls for one year. Trump said China&#8217;s pause could be “very routinely extended as time goes by.”
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&#8220;Now, every year we’ll renegotiate the deal, but I think the deal will go on for a long time, long beyond the year,&#8221; he said. &#8220;But all of the rare earth has been settled, and that’s for the world.”
&#8220;That roadblock is gone now,&#8221; Trump added. &#8220;There&#8217;s no roadblock at all on rare earth. That will hopefully disappear from our vocabulary for a little while.&#8221;
<h3>Tariffs and Fentanyl</h3>
Trump said that tariffs on China will be slashed from 57% to 47% after Xi promised that his country would take more action to prevent fentanyl from being trafficked into the United States.
&#8220;On fentanyl, we agreed that he was going to work very hard to stop the flow,&#8221; Trump told reporters as he flew back to the United States on Air Force One. &#8220;It&#8217;s a very complex subject because it&#8217;s used for lots of different reasons, including anesthetics and things, but he&#8217;s going to work very hard on it.&#8221;
Trump added that he is hopeful that China will take &#8220;some real action.&#8221; After Xi promised to address the issue, Trump said that his 20% tariff on China that was imposed in response to fentanyl trafficking will be reduced to 10%, dropping the overall tariff rate on the communist country to 47%, &#8220;effective immediately.&#8221;
<h3>Trump Trip to China</h3>
President Trump said he will travel to China in April for continuing talks, while Xi will visit the United States &#8220;some time after that.&#8221; Trump said he expects a trade deal with China to happen &#8220;pretty soon.&#8221;
&#8220;The whole relationship is very important, and I think [the meeting] was very good,&#8221; Trump added.
<h3>Oil and Gas</h3>
While no deal was reached on China purchasing oil and gas from Alaska during the summit, Trump said he&#8217;s optimistic that an agreement will be signed in the future. The president added that Energy Secretary Chris Wright and Interior Secretary Doug Burgum will meet with Chinese officials to continue oil and gas negotiations.
<h3>Computer Chips</h3>
Xi promised to discuss the potential purchase of computer chips from U.S. tech companies, such as Nvidia, according to Trump.
&#8220;I said that&#8217;s really between you and Nvidia, but we&#8217;re sort of the arbitrator or the referee,&#8221; Trump said, adding that it would be &#8220;good for us&#8221; if China bought more chips from the United States.
<h3>Ukraine-Russia War</h3>
The ongoing war between Ukraine and Russia &#8220;came up&#8221; during Trump&#8217;s meeting with Xi, and the two leaders &#8220;talked about it for a long time,&#8221; according to Trump. Xi has been friendly with Russian President Vladimir Putin, and China has been accused of sending military equipment to Russia during the war.
&#8220;We&#8217;re both going to work together to see if we can get something done,&#8221; Trump said. &#8220;We agree that the sides are locked in fighting, and sometimes you have to let them fight, I guess. But he&#8217;s going to help us, and we&#8217;re going to work together on Ukraine.&#8221;
China also buys large amounts of oil from Russia, but Trump said that topic didn&#8217;t come up during the meeting.
<blockquote class="twitter-tweet" data-media-max-width="560">
&#8220;Ukraine came up very strongly. We talked about it for a long time, and we&#8217;re both going to work together to see if we can get something done,&#8221; says <a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a> on his meeting with President Xi.
&#8220;We&#8217;re going to work together on Ukraine.&#8221; <a href="https://t.co/ygzOKy9Gvn">pic.twitter.com/ygzOKy9Gvn</a>
— Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1983915198147612876?ref_src=twsrc%5Etfw">October 30, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<h3>Taiwan &#8216;Not Discussed&#8217;</h3>
Trump also said that Taiwan &#8220;never came up&#8221; during the meeting. Xi has long had his sights set on Taiwan, a vital island nation that currently manufactures around 90% of the world&#8217;s most advanced semiconductors.
&#8220;It was not discussed, actually,&#8221; he said.
<h3>Farm Products</h3>
Xi promised that China would purchase American soybeans, sorghum, and other farm products. Treasury Secretary Scott Bessent added during an interview with Fox Business that China would buy 12 million metric tons of American soybeans before the end of the year and 25 million metric tons over the next three years.
Listen to Trump&#8217;s remarks below:
<iframe loading="lazy" title="President Trump Gaggles with Press on Air Force One, Oct. 30, 2025" width="500" height="281" src="https://www.youtube.com/embed/KjqKGq3-C9Q?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>

Donald Trump/Xi Jinping

Trump Calls Xi Summit A ’12’ Out Of 10 – Here’s What Went Down

China

Donald Trump

Economy

Politics

rare earth minerals

Tariffs

trade

U.S.

Xi Jinping

Five Senate Republicans joined with Democrats on Tuesday in a vote denouncing President Donald Trump’s tariffs on Brazil.
Sens. Susan Collins of Maine, Mitch McConnell and Rand Paul of Kentucky, Lisa Murkowski of Alaska, and Thom Tillis of North Carolina sided with Senate Democrats in a 52 to 48 vote against the president’s trade policy, exposing a small rift in the GOP between the president and some lawmakers.
“Protectionists eagerly celebrate the revenue from tariff duties. But they don’t talk nearly as much about how much of that revenue they’ll spend protecting American growers and producers from the avoidable harm of their policies,” McConnell said in a <a href="https://www.mcconnell.senate.gov/public/index.cfm/pressreleases?ID=D1763366-63E6-4404-8FDD-B932A4691CB7">statement</a> defending his vote.
“Tariffs make both building and buying in America more expensive. The economic harms of trade wars are not the exception to history, but the rule. And no cross-eyed reading of Reagan will reveal otherwise,” he continued, referencing the late President Ronald Reagan, whose support for free trade became news recently because of an anti-tariff advertisement <a href="https://www.dailywire.com/news/trump-sets-10-hike-in-tariffs-on-canada-after-fake-ad-that-aired-during-world-series">purchased</a> by the Ontario government.
The Senate’s Tuesday resolution against Trump’s Brazil tariffs is symbolic, and it is not expected to receive a vote – much less pass – in the House. Additional resolutions on Trump’s tariffs are expected to receive votes in the Senate this week.
Vice President JD Vance warned Republicans ahead of the vote not to side against the president in the symbolic gesture, calling a move to buck to White House on tariffs a “big mistake,” according to <a href="https://www.washingtonexaminer.com/news/senate/3867090/senate-rebukes-trump-tariff-vote-jd-vance-warning/">The Washington Examiner</a>.
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“The point that I made to my Republican colleagues, recognizing there’s a diversity of opinions about it, is that the tariffs give us the ability to put American workers first,” said Vance after meeting with GOP senators on Tuesday. “They force American industry to reinvest in the United States of America instead of a foreign country.”
Prior to Trump’s trade wars, U.S. tariffs on Brazil were roughly 3% in line with its status as a Most Favored Nation for U.S. trade. Brazil’s tariffs on U.S. goods were higher at around 11%, according to the <a href="https://www.whitehouse.gov/presidential-actions/2025/04/regulating-imports-with-a-reciprocal-tariff-to-rectify-trade-practices-that-contribute-to-large-and-persistent-annual-united-states-goods-trade-deficits/">White House</a>.
In April, Trump unveiled sweeping tariffs, placing a minimum 10% levy on all nations, with some receiving a much higher tariff. In July, Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/114825119138468153">threatened</a> to hike tariffs on goods from Brazil up to 50% because of its treatment of former President Jair Bolsonaro, who was sentenced to 27 years in prison after Brazil’s left-wing government accused him of attempting to overthrow democracy.
Since coming into office in January, Trump has aggressively sought to remake the world’s trade lines, levying relatively exorbitant tariffs on enemies and allies. Through unilateral action on tariffs, Trump has sought to eliminate U.S. trade deficits and to establish leverage for action on drug trafficking and ending international conflicts.
Trump has cited emergency authority under the International Emergency Economic Powers Act to issue most of his tariffs. The president’s tariff authority under the act is currently under <a href="https://www.scotusblog.com/2025/10/small-businesses-and-states-urge-court-to-strike-down-trumps-tariffs/">review</a> at the Supreme Court.
The president has <a href="https://www.nbcnews.com/politics/supreme-court/trumps-dramatic-rhetoric-tariffs-ramps-pressure-supreme-court-rcna238207">said</a> if his administration loses the case, the United States “will be a weakened, troubled, financial mess for many, many years to come.”

Donald Trump, Mitch McConnell

Five Senate Republicans Buck White House In Vote Against Trump’s Tariffs

Brazil

Global Politics

JD Vance

Senate

TOKYO — Long associated with American ruggedness, pickup trucks such as Ford&#8217;s top-selling F-150 have now become a symbol of international trade talks, showing how far countries such as Japan will go to win over U.S. President Donald Trump.
When Trump met Japan&#8217;s new prime minister and first female premier, Sanae Takaichi, in Tokyo on Tuesday, an F-150 was parked prominently outside the Akasaka Palace venue.
Burly U.S. pickup trucks are a rare sight in the Japanese capital, where the streets are narrow and turns can be tight.
But the placement of the F-150, which is not typically available for sale in Japan, sent a clear message about Tokyo&#8217;s willingness to buy more cars from its ally, an issue that has been a sticking point for Trump for decades.
Last week, Reuters reported that Takaichi&#8217;s government was working on a package to buy F-150 trucks, an idea originally floated by Trump, as well as soybeans and gas.
&#8220;Well, that&#8217;s great. She has good taste,&#8221; Trump told reporters on Air Force One, when asked about the report. &#8220;That’s a hot truck.&#8221;
In August, Trump said Japan was ready to purchase the &#8220;very beautiful&#8221; F-150.
It was not clear how many F-150s Japan planned to buy.
Japanese government sources have told Reuters the trucks would probably end up being used as snow plows, given their size.
Japan and Europe, Trump has often argued, refuse to accept U.S. cars even as Japanese and European automakers sell millions of their vehicles each year in the United States.
The F-150 won&#8217;t be the first American car brought in to Japan to help ease trade friction. Three decades ago, Toyota responded to U.S. pressure by selling a mid-sized General Motors car under its own brand in Japan.
The Toyota Cavalier was introduced with much fanfare, sold poorly, and quietly faded after a few years, said John Shook, a former Toyota manager and an auto industry veteran in both Japan and the United States.
A third of the 3.7 million new cars sold in Japan last year were mini or &#8220;kei&#8221; cars, tiny vehicles that are not produced by American automakers.
Foreign cars accounted for 6% of new car sales overall, with European brands among some of the top sellers, industry data showed, while Ford itself pulled out of Japan almost a decade ago.
Separately, Trump said Toyota would open auto plants in the United States to the tune of $10 billion.
A Toyota spokesperson was not immediately available to comment on Trump&#8217;s remarks.
(Reporting by Trevor Hunnicutt and David Dolan; Additional reporting by Maki Shiraki; Editing by Clarence Fernandez and Ros Russell)

A Ford F-150 and a Toyota pickup truck are parked outside of Akasaka Palace, in Tokyo

Trump’s ‘Hot Truck’ Becomes Symbol Of Japan Trade Talks

Ford Motor Co.

Japan

President Trump brokers several monumental deals in Asia, the U.S. ramps up its military presence in the Caribbean, and we get an expert opinion on the state of the Trump economy.
It’s Monday, October 27, 2025, and this is the news you need to know to start your day. Today’s edition of the Morning Wire podcast can be heard below, and <a href="https://www.dailywire.com/episode/mrn-251027-member-exclusive">the video version can be seen on The Daily Wire</a>:
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<h2 style="text-align: center;">Trump Strikes Trade Deals In Asia</h2>
<div class="image"><img loading="lazy" decoding="async" class="alignnone size-large wp-image-991431" src="https://dw-wp-production.imgix.net/2025/10/Trumps-Trade-Tour-1024x576.jpg" alt="" width="1024" height="576" srcset="https://dw-wp-production.imgix.net/2025/10/Trumps-Trade-Tour-1024x576.jpg 1024w, https://dw-wp-production.imgix.net/2025/10/Trumps-Trade-Tour-300x169.jpg 300w, https://dw-wp-production.imgix.net/2025/10/Trumps-Trade-Tour-768x432.jpg 768w, https://dw-wp-production.imgix.net/2025/10/Trumps-Trade-Tour-1536x864.jpg 1536w, https://dw-wp-production.imgix.net/2025/10/Trumps-Trade-Tour.jpg 1920w" sizes=" (max-width: 1024px) 100vw, 1024px" /></div>
Topline: President Trump landed in Asia on Sunday to kick off a whirlwind diplomatic tour aimed at securing new trade deals and peace treaties.
Trump arrived in Malaysia, the first stop on his tour of South Asia, which will also include visits to Japan and South Korea.
The main goal of the trip is to lock down more trade deals and open up access to Asian markets. Within hours of his arrival in Malaysia, the president announced new trade agreements with Thailand, Malaysia, and Cambodia. Each country will eliminate the vast majority of existing tariffs on U.S. imports, and the latter two will allow for unprecedented American investments in rare earth mineral production.
While this trip was focused on trade, the president also signed a ceasefire deal between Cambodia and Thailand, two longtime foes who were on the brink of war this summer after fighting broke out over a border dispute. Under this new agreement, the two sides will pull back military forces from the border and exchange POWs.
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“I love doing it. I shouldn’t say it’s a hobby, because it’s so much more serious than a hobby — but it’s something that I’m good at and it’s something I love to do,” <a href="https://x.com/clashreport/status/1982325118300004784">said</a> Trump.
Meeting Xi: This trip will be defined by Trump’s sit-down with Chinese leader Xi Jinping. The two will meet face-to-face on Thursday for the first time since 2019. Ahead of that high-stakes showdown, Trump expressed optimism regarding a “comprehensive deal” that could end the tit-for-tat trade war that’s lasted all year and resulted in unprecedented tariff rates exceeding 100%.
Ahead of that sit-down, officials from both sides have been meeting virtually non-stop this week to hammer out the framework for a potential deal. Beijing says a “basic consensus” has been reached and that the two sides “engaged in candid, in-depth, and constructive exchanges.”
<h2 style="text-align: center;">Trump’s Moves Against Drug Trade In South America</h2>
<div class="image"><img loading="lazy" decoding="async" class="alignnone size-large wp-image-991433" src="https://dw-wp-production.imgix.net/2025/10/Carriers-To-The-Caribbean-1024x576.jpg" alt="" width="1024" height="576" srcset="https://dw-wp-production.imgix.net/2025/10/Carriers-To-The-Caribbean-1024x576.jpg 1024w, https://dw-wp-production.imgix.net/2025/10/Carriers-To-The-Caribbean-300x169.jpg 300w, https://dw-wp-production.imgix.net/2025/10/Carriers-To-The-Caribbean-768x432.jpg 768w, https://dw-wp-production.imgix.net/2025/10/Carriers-To-The-Caribbean-1536x864.jpg 1536w, https://dw-wp-production.imgix.net/2025/10/Carriers-To-The-Caribbean.jpg 1920w" sizes=" (max-width: 1024px) 100vw, 1024px" /></div>
Topline: President Trump ordered the most advanced U.S. aircraft carrier group to the Caribbean last week as he floated the possibility of strikes against drug cartels on land. And the Trump administration placed sanctions on the president of Colombia as tensions continue to rise with the erstwhile U.S. ally.
Venezuela: President Trump moved the USS Gerald R Ford carrier group to join the forces already stationed in the Caribbean. The Ford carrier group is the largest in the U.S. military, so this is an aggressive signal from the president that he isn’t satisfied with a few drug boats blown up here and there.
South Carolina Senator Lindsey Graham appeared on CBS’ &#8220;Face The Nation&#8221; on Sunday and said he had spoken to President Trump about potential land strikes in South America.
“I think that’s a real possibility,” <a href="https://x.com/FaceTheNation/status/1982479665525613037">said</a> Graham. “I think President Trump has made a decision that Maduro, the leader of Venezuela, is an indicted drug trafficker, that it’s time for him to go, that Venezuela and Colombia have been safe havens for narco-terrorists for too long.”
Venezuelan Dictator Nicolas Maduro said last week that there are 5,000 Russian-made anti-aircraft missiles stationed around the country to defend the airspace. He also said that “millions of men and women with rifles would march across the country” if the United States were to attack on Venezuelan soil.
Colombia: Treasury Secretary Scott Bessent announced sanctions on Colombian President Gustavo Petro and his family on Friday. Bessent said in a statement that Petro “has allowed drug cartels to flourish and refused to stop this activity.”
Colombian officials have pushed back, pointing to continued interdiction of cocaine &#8212; but the country’s coca fields have grown continuously since Petro took power in 2022. Trump’s moves against Colombia have received support from Republicans representing sizable communities of Colombian Americans.
“Colombia is once again the number one producer of coke in the world. Colombians don&#8217;t deserve that,” <a href="https://x.com/RepMariaSalazar/status/1982503947744243931">said</a> Florida Rep. Maria Elvira Salazar. “President Trump has a responsibility to stop drugs coming into this country.”
<h2 style="text-align: center;">E.J. Antoni On Inflation and Trump’s Trade Deals</h2>
<div class="image"><img loading="lazy" decoding="async" class="alignnone size-large wp-image-991435" src="https://dw-wp-production.imgix.net/2025/10/Growth-Without-Gimmicks-1024x576.jpg" alt="" width="1024" height="576" srcset="https://dw-wp-production.imgix.net/2025/10/Growth-Without-Gimmicks-1024x576.jpg 1024w, https://dw-wp-production.imgix.net/2025/10/Growth-Without-Gimmicks-300x169.jpg 300w, https://dw-wp-production.imgix.net/2025/10/Growth-Without-Gimmicks-768x432.jpg 768w, https://dw-wp-production.imgix.net/2025/10/Growth-Without-Gimmicks-1536x864.jpg 1536w, https://dw-wp-production.imgix.net/2025/10/Growth-Without-Gimmicks.jpg 1920w" sizes=" (max-width: 1024px) 100vw, 1024px" /></div>
Topline: The latest economic report shows inflation slightly cooler than experts predicted at 0.3% rather than the predicted 0.4%. The White House is touting the numbers as yet more proof that Trump’s economic plan is working.
Morning Wire spoke with economist E.J. Antoni of the Heritage Foundation. (The following transcript has been lightly edited for clarity.)
Morning Wire: First, big picture – we&#8217;re nine months into Trump&#8217;s second term. How is the economy doing?
Antoni: I&#8217;d say the best way to describe it is that it&#8217;s in the midst of a transition, right? For basically the last two years of the Biden administration, you had a labor market that was being propped up in a lot of ways by government hiring. That&#8217;s gone away. In fact, it&#8217;s been replaced with government firings. And the result of that is a drag on the overall jobs numbers, right? In the same way, when you look at something like the way we measure the economy through gross domestic product or GDP, you had government purchases which were accounting for a very large percentage of that. That&#8217;s all gone away. In fact, it&#8217;s been replaced by a reduction in those government purchases, which is a drag on the headline number. What I&#8217;m trying to get at here is, as the government re-privatizes, as the Treasury Secretary says, you will see what looks like sluggish growth – which I think we&#8217;re in right now – but in reality is actually a returning to health. It&#8217;s almost like the chemotherapy that makes you feel really lousy, but gets rid of your cancer.
Morning Wire: The inflation numbers were a little bit cooler than projected. How do you feel about the state of inflation right now?
Antoni: Pretty good, especially since the number one driver of inflation in that CPI report for the month of September was gasoline prices going up so much, except that increase has completely reversed in the first three weeks of October. Now, prices are actually slightly lower than they were in most markets. We should expect the next CPI report – if we can even get it, it&#8217;s unclear because the government shut down – but if we could get it, we would expect even cooler CPI numbers.
Morning Wire: Treasury data show the tariff collection has really surged in recent months. What is the net effect of Trump&#8217;s tariff plan thus far in the economy? Are they working as advertised?
Antoni: Well, I guess it depends on how we want to say as advertised, right? … But here are the facts. They&#8217;re bringing in way more revenue than anticipated to the Treasury. We can certainly have a debate over who is paying for those tariffs. But, the fact is they&#8217;re bringing in billions of dollars in revenue, in fact, hundreds of billions of dollars when you annualize it. That&#8217;s one of the reasons why September had the biggest surplus ever for the month of September in terms of the Treasury monthly statement. It was because not only have we seen a reduction in overall government spending, but an increase in revenues, overall revenues of course, because the economy&#8217;s growing, but also specifically from customs duties, which are from the increase in tariffs.
Morning Wire: Is the reshoring effect — like Stellantis moving some production to the U.S. — is that a real trend or just a few isolated incidents?
Antoni: It’s certainly a real trend, but it is being blunted to a certain extent right now. You are seeing help to the manufacturing sector, and that some of it is being re-shored. But you&#8217;re also seeing, at least in the short term, some pain inflicted on manufacturing because, again, some of the things being tariffed are actually inputs. You&#8217;re making it more expensive, let&#8217;s say, for a car manufacturer to buy steel from abroad for the time being. Now, once that steel gets re-shored back to the United States and you can buy it domestically, then it&#8217;s a moot point, right? But at least for the time being, you&#8217;re having competing effects there where one is helping, the other is hurting.
Morning Wire: Final question, we&#8217;re about to wrap up the year with a couple months left here. What do you project to happen big-picture with the economy over the next few months?
Antoni: I think we&#8217;re going to continue to see some of these very positive trends with economic growth where, although the public sector, the government is shrinking, we&#8217;re going to continue to see growth in the productive private sector. And in particular, one of the reasons why I&#8217;m so optimistic here is that the growth we have seen thus far this year, which I think will continue, has been driven by increases in earnings, not simply increases in debt. … Their money is going further because earnings growth is outpacing inflation. That&#8217;s a very positive development.

MRN-251027-Thumb-V1

Morning Brief: Trump’s Asia Blitz & Military Build-Up In The Caribbean

Cambodia

Colombia

Inflation

Lindsey Graham

Morning Wire

Thailand

Venezuela

Top Chinese and U.S. economic officials on Sunday hashed out the framework of a trade deal for U.S. President Donald Trump and Chinese President Xi Jinping to decide on later this week that would pause steeper American tariffs and Chinese rare earths export controls, U.S. officials said.
U.S. Treasury Secretary Scott Bessent said talks on the sidelines of the ASEAN Summit in Kuala Lumpur had eliminated the threat of Trump&#8217;s 100% tariffs on Chinese imports starting November 1. Bessent also said he expects China to delay implementation of its rare earth minerals and magnets licensing regime by a year while the policy is reconsidered.
Chinese officials were more circumspect about the talks and offered no details about the outcome of the meetings.
Trump and Xi are due to meet on Thursday on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju, South Korea, to sign off on the terms. While the White House has officially announced the highly anticipated Trump-Xi talks, China has yet to confirm that the two leaders will meet.
&#8220;I think we have a very successful framework for the leaders to discuss on Thursday,&#8221; Bessent told reporters after he and U.S. Trade Representative Jamieson Greer met with Chinese Vice Premier He Lifeng and top trade negotiator Li Chenggang for their fifth round of in-person discussions since May.
Bessent said he anticipates that a tariff truce with China will be extended beyond its November 10 expiration date, and that China will revive substantial purchases of U.S. soybeans after buying none in September while favoring soybeans from Brazil and Argentina.
U.S. soybean farmers &#8220;will feel very good about what&#8217;s going on both for this season and the coming seasons for several years&#8221; once the deal&#8217;s terms are announced, Bessent told the ABC program &#8220;This Week.&#8221;
Greer told the &#8220;Fox News Sunday&#8221; program that both sides agreed to pause some punitive actions and found &#8220;a path forward where we can have more access to rare earths from China, we can try to balance out our trade deficit with sales from the United States.&#8221;
China&#8217;s Li Chenggang said the two sides reached a &#8220;preliminary consensus&#8221; and will next go through their respective internal approval processes.
&#8220;The U.S. position has been tough, whereas China has been firm in defending its own interests and rights,&#8221; Li said through an interpreter. &#8220;We have experienced very intense consultations and engaged in constructive exchanges in exploring solutions and arrangements to address these concerns.&#8221;
Trump arrived in Malaysia on Sunday for a summit of the Association of Southeast Asian Nations, his first stop in a five-day Asia tour that is expected to culminate in Thursday&#8217;s face-to-face with Xi in South Korea.
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After the weekend talks, Trump struck a positive tone, saying: &#8220;I think we&#8217;re going to have a deal with China.&#8221;
Trump had threatened new 100% tariffs on Chinese goods and other trade curbs starting on November 1, in retaliation for China&#8217;s expanded export controls on rare earth magnets and minerals.
China controls more than 90% of the world&#8217;s supply of the materials, which are essential for high-tech manufacturing from electric vehicles to semiconductors and missiles. The export controls and Trump&#8217;s threatened retaliation would disrupt a delicate six-month truce under which China and the U.S. reduced tariffs that had quickly escalated to triple-digit rates on each side.
The U.S. and Chinese officials said that, in addition to rare earths, they discussed trade expansion, the U.S. fentanyl crisis, U.S. port entrance fees and the transfer of TikTok to U.S. ownership control.
Bessent told NBC&#8217;s &#8220;Meet the Press&#8221; program that the two sides have to iron out details of the TikTok deal, allowing Trump and Xi to &#8220;consummate the transaction&#8221; in South Korea.
On the sidelines of the ASEAN Summit, Trump hinted at possible meetings with Xi in China and the United States.
&#8220;We&#8217;ve agreed to meet. We&#8217;re going to meet them later in China, and we&#8217;re going to meet in the U.S., in either Washington or at Mar-a-Lago,&#8221; Trump said.
Among Trump&#8217;s talking points with Xi are Chinese purchases of U.S. soybeans, concerns around democratically governed Taiwan, which China views as its own territory, and the release of jailed Hong Kong media tycoon Jimmy Lai.
The detention of the founder of the now-defunct pro-democracy newspaper Apple Daily has become the most high-profile example of China&#8217;s crackdown on rights in Hong Kong.
Trump also said he will seek China&#8217;s help in U.S. dealings with Moscow, as Russia&#8217;s war in Ukraine grinds on.
Tensions between the world&#8217;s two largest economies flared in the past few weeks as a delicate trade truce, reached after a first round of trade talks in Geneva in May and extended in August, failed to prevent the United States and China from hitting each other with more sanctions, export curbs and threats of stronger retaliatory measures.
China&#8217;s expanded controls of rare earths exports have caused a global shortage. That has prompted the United States to consider a block on software-powered exports to China, from laptops to jet engines, according to a Reuters report.
(Reporting by Xinghui Kok and David Lawder; Writing by David Lawder, Mei Mei Chu, Yukun Zhang and John Mair; Editing by Tom Hogue, Will Dunham, Ros Russell and Edmund Klamann)

U.S. And China Sketch Out Rare Earths, Tariff Pause For Trump And Xi To Consider

Communist China

Free Trade

World

The United States signed a flurry of deals on trade and critical minerals with four Southeast Asian partners on Sunday, looking to address trade imbalances and diversify supply chains amid tighter export curbs on rare earths by China.
U.S. President Donald Trump, who is in Kuala Lumpur to attend a summit of the Association of Southeast Asian Nations, signed reciprocal trade deals with his Malaysian and Cambodian counterparts, as well as a framework trade pact with Thailand that will see the countries work to address tariff and non-tariff barriers.
The United States would maintain a tariff rate of 19% on exports from all three countries under the deals, with the levy to be reduced to zero for some goods, according to joint statements released by the White House.
Washington also announced a similar framework deal with Vietnam, which has been levied with a tariff rate of 20% on its exports to the United States.
Vietnam, which recorded a trade surplus of $123 billion with the United States last year, has pledged to vastly boost its purchases of U.S. products to reduce the trade gap between the two countries.
Trump on Sunday inked two separate U.S. deals with Thailand and Malaysia seeking cooperation to diversify critical minerals supply chains, amid competing efforts from Beijing in the rapidly growing sector.
Reuters reported exclusively this month that China was in talks with Kuala Lumpur on rare earths processing, with Malaysian sovereign wealth fund Khazanah Nasional expected to partner with a Chinese firm to build a refinery in Malaysia.
China, the world&#8217;s top miner and processor of rare earths, has imposed increasingly stringent export controls on its refining technology, sending global manufacturers scrambling to secure alternative supplies for critical minerals used widely in semiconductor chips, electric vehicles and military equipment.
Malaysia agreed on Sunday to refrain from banning or imposing quotas on exports to the U.S. of critical minerals or rare earth elements, the countries said in a statement.
The statement however did not specify whether Malaysia&#8217;s pledge applied to raw or processed rare earths.
Malaysia, which has an estimated 16.1 million tonnes of rare earth deposits, has banned the export of raw rare earths to prevent the loss of resources as it looks to develop its downstream sector.
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The agreements were inked after Trump oversaw the signing of an enhanced ceasefire agreement between Thailand and Cambodia, following deadly border clashes between the neighbours earlier this year.
Under the deals, the four Southeast Asian countries pledged to remove trade barriers and provide preferential market access to various U.S. goods.
The deals also include commitments in digital trade, services and investments as well as promises by the Southeast Asian countries to protect labour rights and strengthen environmental protections.
Thailand, Malaysia and Vietnam further agreed to accept vehicles built to U.S. motor vehicle safety and emissions standards, according to the statements.
Malaysia, a majority Muslim country recognized as a global leader in halal certification, agreed to streamline requirements for U.S. products such as cosmetics and pharmaceuticals.
Its trade minister Tengku Zafrul Aziz told reporters that Malaysia had also secured tariff exemptions for aerospace equipment and pharmaceutical products as well as commodities such as palm oil, cacao and rubber.
Thailand said it would eliminate tariff barriers on approximately 99% of goods, and relax foreign ownership restrictions for U.S. investment in its telecommunications sector, both countries said in a statement.
They also took note of several forthcoming commercial deals between Thai and U.S. companies, including the purchases of agriculture products such as feed corn and soybean meal worth an estimated $2.6 billion per year.
Thailand has also committed to purchases of 80 U.S. aircraft totalling $18.8 billion and energy goods including liquefied natural gas and crude oil of around $5.4 billion annually, the statement said.
(Reporting by Trevor Hunnicutt, Danial Azhar, Orathai Sriring, Khanh Vu and Mikhail Flores; Writing by Rozanna Latiff; editing by David Stanway and Mark Heinrich)

Trump Signs Slew Of Trade, Critical Minerals Deals On Southeast Asia Tour

Vietnam

U.S. President Donald Trump will test his deal-making capabilities on a trip next week to Asia, a region battered by his hardball trade policies, while doubts hang over his highly anticipated meeting with China&#8217;s Xi Jinping.
Trump, who leaves Washington on Friday night, is set for a five-day trip spanning Malaysia, Japan and South Korea, his first to the region and his longest journey abroad since taking office in January.
The Republican leader hopes to pile up trade, critical mineral and ceasefire deals before turning to the toughest challenge, a face-to-face with Xi on Thursday in South Korea.
Trump is also working to maintain the signature foreign policy achievement of his second term, a ceasefire he helped to strike in the Israel-Gaza conflict, while the Russian war in Ukraine rages and a trade war with China shows little sign of ending.
Washington and Beijing have hiked tariffs on each other&#8217;s exports and threatened to cut off trade in critical minerals and technologies altogether.
The trip was formally announced by the White House on Thursday. Details remain in flux, including the meeting between leaders of the world&#8217;s two largest economies.
Neither side expects a breakthrough that would restore terms of trade that existed before Trump&#8217;s second-term inauguration in January, according to a person familiar with the conversations. Instead, talks between the two sides to prepare for the meeting focused on managing disagreements and modest improvements.
An interim agreement could include limited relief on tariffs, an extension of current rates, or China committing to buy U.S.-made soybeans and Boeing airplanes. Beijing reneged on similar promises in a 2020 deal with Trump.
Washington could let more high-end computer chips flow to Beijing, which in turn could loosen controls on rare earth magnets that have angered Trump.
On Wednesday, U.S. Treasury Secretary Scott Bessent said the Trump-Xi talk would be a &#8220;pull-aside,&#8221; suggesting nothing formal. Trump later told reporters the two would have &#8220;a pretty long meeting,&#8221; allowing them to &#8220;work out a lot of our questions and our doubts and our tremendous assets together.&#8221;
China has not confirmed a meeting is planned.
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Mira Rapp-Hooper, a visiting fellow at the Brookings Institution and former Biden administration official, said Trump&#8217;s Asia policy has been defined by intense pressure on countries&#8217; trade policies and defense spending.
&#8220;The high-level question on this trip is really, who does the United States stand with, and what does it stand for,&#8221; she said.
Trump is expected at the Association of Southeast Asian Nations summit, which starts Sunday in Kuala Lumpur, Malaysia.
There, he could oversee the signing of a ceasefire deal between Thailand and Cambodia. The deal would formalize an agreement that ended the worst fighting in years between the two countries in July, though it falls short of a comprehensive peace deal. During his second term in office, Trump has branded himself as a global peacemaker.
After that stop, Trump will head to Japan to meet Sanae Takaichi, the newly elected prime minister. Takaichi is expected to affirm plans by her predecessor to hike military spending and to make $550 billion in Trump-directed investments in the U.S.
Then, in Busan, South Korea, Trump plans to meet Xi ahead of an international trade summit. Trump is set to return to Washington before the Asia-Pacific Economic Cooperation leaders&#8217; forum gets under way, according to the schedule announced by the White House on Thursday.
Trump has threatened to raise tariffs on Chinese imports to a total of some 155% from November 1 if they cannot strike a deal. That would almost certainly provoke a reaction from Beijing and end a truce that paused tit-for-tat hikes.
Beyond trade, the two leaders are expected to discuss Taiwan, a long-running U.S.-China irritant, and Russia, a Chinese ally now subject to expanded U.S. sanctions over the war in Ukraine.
&#8220;There&#8217;s no intent from the U.S. side to discuss other issues,&#8221; aside from China&#8217;s trade, export controls and its purchases of Russian oil, according to a U.S. official, who said Trump would be prepared to reiterate previous responses if Xi raised other topics.
Trump is also trying to close trade deals with Malaysia and India, while shoring up a deal that has already been struck with South Korea.
U.S. and South Korean relations have been strained by Seoul&#8217;s concerns over the $350 billion investment in U.S. companies sought by Trump and deportations of the country&#8217;s foreign workers.
South Korean President Lee Jae Myung wants Trump to pursue peace with North Korea&#8217;s Kim Jong Un. U.S. officials considered, but never confirmed, a trip to the demilitarized zone (DMZ) separating the two Koreas, according to another person familiar with the discussions. Another U.S. official said on Friday that no Kim-Trump meeting was on the schedule for the trip.
(Reporting by Trevor Hunnicutt; Editing by Colleen Jenkins, Lincoln Feast and Edmund Klamann)

Xi Jinping, Donald Trump

Trump Aims To Clinch Deal With China’s Xi During Asia Trip

The liberal Canadian premier who launched a $75 million anti-tariff ad campaign in the United States featuring former President Ronald Reagan will yank the effort after pressure from President Donald Trump.
Ontario Premier Doug Ford said Friday afternoon that he would pause the ad campaign put out by his administration targeting Americans starting on Monday. That announcement came after Trump on Thursday said he had ended all trade talks with Canada over the ad, calling it an effort to influence American politics.
“Our intention was always to initiate a conversation about the kind of economy that Americans want to build and the impact of tariffs on workers and businesses,” Ford posted on X. “We&#8217;ve achieved our goal, having reached U.S. audiences at the highest levels. I&#8217;ve directed my team to keep putting our message in front of Americans over the weekend so that we can air our commercial during the first two World Series games.”
Ford said he would “pause [the] U.S. advertising campaign effective Monday so that trade talks can resume” after speaking with Canadian Prime Minister Mark Carney.
<blockquote class="twitter-tweet">
Our intention was always to initiate a conversation about the kind of economy that Americans want to build and the impact of tariffs on workers and businesses. We&#8217;ve achieved our goal, having reached U.S. audiences at the highest levels. I&#8217;ve directed my team to keep putting our…
— Doug Ford (@fordnation) <a href="https://twitter.com/fordnation/status/1981789712516858293?ref_src=twsrc%5Etfw">October 24, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Ontario’s ad featured clips from an April 25, 1987, radio address Reagan gave on free and fair trade. The ad campaign aired in the United States during a playoff baseball game between the Toronto Blue Jays and Seattle Mariners. Game 1 of the World Series takes place Friday night, featuring the Blue Jays and the Los Angeles Dodgers.
<blockquote class="twitter-tweet" data-media-max-width="560">
It’s official: Ontario’s new advertising campaign in the U.S. has launched.
Using every tool we have, we’ll never stop making the case against American tariffs on Canada. The way to prosperity is by working together.
Watch our new ad. <a href="https://t.co/SgIVC1cqMJ">pic.twitter.com/SgIVC1cqMJ</a>
— Doug Ford (@fordnation) <a href="https://twitter.com/fordnation/status/1978779503213052337?ref_src=twsrc%5Etfw">October 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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Trump on Thursday said that the ad manipulated Reagan’s words.
“The Ronald Reagan Foundation has just announced that Canada has fraudulently used an advertisement, which is FAKE, featuring Ronald Reagan speaking negatively about Tariffs,” Trump wrote on Truth Social. “The ad was for $75,000,000. They only did this to interfere with the decision of the U.S. Supreme Court, and other courts. TARIFFS ARE VERY IMPORTANT TO THE NATIONAL SECURITY, AND ECONOMY, OF THE U.S.A. Based on their egregious behavior, ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED.”
Trump’s post followed a statement from the Ronald Reagan Presidential Foundation and Institute saying that it was pursuing potential legal options over Ontario’s use of the audio. The foundation encouraged people to watch Reagan’s <a href="https://www.youtube.com/watch?v=5t5QK03KXPc&amp;t=181s">full remarks</a> on its YouTube channel.

CANADA-G7-SUMMIT-DIPLOMACY

Canada Caves: Ontario To Yank ‘Fake’ Reagan Ad After Pressure From Trump

Canada

Mark Carney

Ontario

World Series

President Donald Trump ended “all trade negotiations” with Canada on Thursday after Ontario’s government recently launched a $75 million anti-tariff ad campaign targeting Americans and featuring former President Ronald Reagan.
The ad campaign aired in the United States during a playoff baseball game between the Toronto Blue Jays and Seattle Mariners. Game 1 of the World Series takes place Friday night, featuring the Blue Jays and the Los Angeles Dodgers.
It is set to air on major networks across the United States and was developed by Ontario Premier Doug Ford and his provincial administration. Trump responded to the campaign by accusing Canada of trying to interfere with American politics and abruptly ending trade talks. 
“The Ronald Reagan Foundation has just announced that Canada has fraudulently used an advertisement, which is FAKE, featuring Ronald Reagan speaking negatively about Tariffs,” Trump wrote on Truth Social. “The ad was for $75,000,000. They only did this to interfere with the decision of the U.S. Supreme Court, and other courts. TARIFFS ARE VERY IMPORTANT TO THE NATIONAL SECURITY, AND ECONOMY, OF THE U.S.A. Based on their egregious behavior, ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED.”
Trump’s post followed a statement from the Ronald Reagan Presidential Foundation and Institute saying that it was pursuing potential legal options over Ontario’s use of the audio. 
“The ad misrepresents the Presidential Radio Address, and the Government of Ontario did not seek or receive permission to use and edit the remarks,” the foundation said. “We encourage you to watch President Reagan’s unedited video on our YouTube channel.” 
The audio used for the ad came from an April 25, 1987, radio address Reagan gave on free and fair trade. The foundation posted a <a href="https://www.youtube.com/watch?v=5t5QK03KXPc&amp;t=181s">link</a> to the full speech on its YouTube channel. Ford’s <a href="https://x.com/fordnation/status/1978779503213052337">ad</a> pulls audio from the speech. 
<blockquote class="twitter-tweet">
It’s official: Ontario’s new advertising campaign in the U.S. has launched.
Using every tool we have, we’ll never stop making the case against American tariffs on Canada. The way to prosperity is by working together.
Watch our new ad. <a href="https://t.co/SgIVC1cqMJ">pic.twitter.com/SgIVC1cqMJ</a>
— Doug Ford (@fordnation) <a href="https://twitter.com/fordnation/status/1978779503213052337?ref_src=twsrc%5Etfw">October 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
&#8220;When someone says let&#8217;s impose tariffs on foreign imports, it looks like they&#8217;re doing the patriotic thing by protecting American products and jobs,&#8221; Reagan said in the ad. “High tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars. Then the worst happens. Markets shrink and collapse, businesses and industry shut down, and millions of people lose their jobs.”
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A Ford spokesman <a href="https://www.cbc.ca/news/world/trump-trade-negotiations-tariffs-ontario-ad-9.6951469" target="_blank" rel="noopener">said</a> the audio was pulled from the public domain.  
&#8220;Reagan knew and spoke directly to Americans that tariffs hurt the U.S. economy, workers and families. He was a strong supporter of free and fair trade between Canada and America,&#8221; the spokesman said. 
The Supreme Court is set to hear arguments on Trump’s tariffs on November 5. Trump on Friday again praised his tariffs, saying that they were making the country prosperous. 
“THE UNITED STATES IS WEALTHY, POWERFUL, AND NATIONALLY SECURE AGAIN, ALL BECAUSE OF TARIFFS! THE MOST IMPORTANT CASE EVER IS IN THE UNITED STATES SUPREME COURT,” he wrote on Truth Social.
On Friday, Ford said Ontario would pause its ad campaign effective Monday &#8220;so that trade talks can resume.&#8221;
&#8220;I&#8217;ve directed my team to keep putting our message in front of Americans over the weekend so that we can air our commercial during the first two World Series games,&#8221; he said.

US-POLITICS-TRUMP

Trump Pulls Plug On Canada Trade Talks Over ‘Fake’ Ad Featuring Ronald Reagan

Executive

Ronald Reagan

TOKYO — Conservative Sanae Takaichi was elected Japan&#8217;s first female prime minister on Tuesday, shattering a political glass ceiling for women and setting the country up for a decisive turn to the Right.
An acolyte of former Prime Minister Shinzo Abe and an admirer of Britain&#8217;s Margaret Thatcher, Takaichi is expected to return to Abe-style government stimulus as she attempts to jumpstart an economy struggling with slow growth and rising prices. Her victory marks a pivotal shift in a country where men hold overwhelming sway, yet she named just two women to her cabinet.
Takaichi is likely to make a sharp turn to the Right on immigration and defense, reflecting the broader rightward shift in global politics. In her first press conference, she promised to work tirelessly to restore Japan&#8217;s economic might, and deepen the relationship with the United States under President Donald Trump.
&#8220;I am determined to deliver results for the nation, to build a strong Japan and to never give up,&#8221; she said.
&#8220;I also plan to meet President Trump at an early date to elevate the Japan-U.S. relationship to new heights,&#8221; she said.
Her victory was secured after her Liberal Democratic Party, which has governed Japan for most of postwar history, agreed on Monday to form a coalition with the right-wing Japan Innovation Party, known as Ishin.
Together, the parties are two seats short of a majority in the lower house. For Takaichi to be successful, she will need to find ways to cooperate with opposition lawmakers, said Tadashi Mori, a professor of politics at Aichi Gakuin University.
“The two parties do not command a majority in either chamber and to ensure a stable government and gain control of key parliamentary committees, they will need to secure more than half the seats,” he said.
Takaichi named just two women to her cabinet: Fellow Abe disciple Satsuki Katayama becomes the country&#8217;s first female finance minister, while Kimi Onoda becomes economic security minister.
In her leadership campaign, she promised to boost the number of women in the cabinet to match socially progressive Nordic countries. But while the percentage of female ministers in Nordic governments ranges from Denmark&#8217;s 36% to Finland&#8217;s 61%, under Takaichi, women will make up only 16% of Japan&#8217;s cabinet, including her.
Takaichi takes over when Japanese politics appears more fractured than at almost any other time in recent memory, thanks in part to the rise of the smaller, hard-right Sanseito Party, which has siphoned voters away from the LDP.
Sanseito chief Sohei Kamiya said that both national politics and the LDP had been on a leftward drift since the assassination of former premier Abe in 2022. Takaichi, he told broadcaster NHK, could possibly reverse that.
&#8220;While we won’t hesitate to oppose her when necessary, we intend to maintain a friendly working relationship,” he said.
The LDP&#8217;s former coalition partner, the more moderate Komeito, broke up their 26-year-old alliance this month after the LDP chose the right-wing Takaichi as new leader.
Takaichi&#8217;s endorsement of Abe-style fiscal stimulus has prompted a so-called &#8220;Takaichi trade&#8221; in the stock market, sending the Nikkei share average to record highs, the most recent hit on Tuesday. However, it has also caused investor unease about the government&#8217;s ability to pay for increased spending when the debt load exceeds annual output. Both the yen and bond prices have weakened as a result.
Some analysts say Ishin, which has advocated for budget cuts, could restrain some of Takaichi&#8217;s spending ambitions.
Takaichi has said defense and national security would be core pillars of any administration she led.
A frequent visitor to the Yasukuni war shrine in Tokyo, which some Asian neighbours view as a symbol of wartime aggression, Takaichi has also called for a revision of Japan’s postwar pacifist constitution to recognize the existence of the nation’s military forces.
Rising political star Shinjiro Koizumi will serve as defense minister, while veteran lawmaker Toshimitsu Motegi will be foreign minister.
Takaichi was sworn in as Japan&#8217;s 104th prime minister on Tuesday evening, succeeding Shigeru Ishiba, who last month announced his resignation to take responsibility for election losses.
(Reporting by Mariko Katsumura, Tim Kelly, Kantaro Komiya, Yoshifumi Takemoto, Satoshi Sugiyama and Kentaro Okasaka; Writing by David Dolan; Editing by Kate Mayberry and Hugh Lawson)

Japanese lawmakers vote to elect the new prime minister, in Tokyo

In Historic Win, Conservative Sanae Takaichi Becomes Japan’s First Female Prime Minister

conservative

Sanae Takaichi

Stellantis, one of the “Big Three” American automakers, announced on Tuesday that it is changing course on plans to manufacture a Jeep model in Ontario, Canada, as the company focuses on expanding production in the United States.
Stellantis previously planned to produce its Jeep Compass at the Brampton Assembly Plant in Ontario, but its new focus on U.S. investment will move production to the United States, as the company plans to reopen a plant in Belvidere, Illinois, CBC <a href="https://www.cbc.ca/news/canada/windsor/stellantis-jeep-compass-canada-9.6938834">reported</a>. The Michigan-based company aims to “invest $13 billion over the next four years to grow its business in the critical United States market and to increase its domestic manufacturing footprint.”
“The investment is the largest in the company’s 100-year U.S. history and will support the introduction of five new vehicles across the brand portfolio in key segments; production of the all-new four-cylinder engine; and the addition of more than 5,000 jobs at plants in Illinois, Ohio, Michigan, and Indiana,” Stellantis <a href="https://www.stellantis.com/en/news/press-releases/2025/october/stellantis-to-invest-13-billion-to-grow-in-the-united-states">said</a>.
The move comes as President Donald Trump’s tariffs continue to punish American automakers that manufacture vehicles and parts abroad to sell in the American market. Canadian leaders voiced their frustration with Stellantis’ decision, with Canadian Prime Minister Mark Carney <a href="https://x.com/MarkJCarney/status/1978278995637551208">saying</a> the move is a “direct consequence of current U.S. tariffs and potential future U.S. trade actions.”
Trump met with Carney at the White House last week, and the two leaders discussed trade and tariff policies. After his visit, Carney’s office touted his nation’s trade relationship with the United States, <a href="https://www.pm.gc.ca/en/news/news-releases/2025/10/08/prime-minister-carney-concludes-visit-washington-dc">saying</a>, “Canada currently has the best trade agreement of any U.S. trading partner, with 85% of Canada-U.S. trade now tariff-free, and our cooperation is further improving border security.”
The Brampton, Ontario, plant has been shut down since 2024 to focus on repurposing the factory to manufacture the next-generation electrified Jeep Compass. After Trump imposed his auto tariffs, the company paused its retooling effort at the Brampton plant.
Unifor, the trade union that represents many Canadian auto workers, argued that auto jobs in Canada “are being sacrificed on the Trump altar.”
“Stellantis cannot be allowed to renege on its commitments to Canadian workers, and governments cannot stand by while our jobs are shifted to the United States,” said Unifor National President Lana Payne.
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Ontario Premier Doug Ford, who has strongly criticized President Trump over the tariffs, said in a Wednesday morning X <a href="https://x.com/fordnation/status/1978416009871605906">post</a> that he talked to Stellantis “to stress my disappointment with their decision to prioritize investment into the U.S.” He added, “This decision is especially painful for those workers who have been out of jobs for months.”
Earlier this year, as part of Trump’s wide-ranging trade policy, the Trump administration <a href="https://www.whitehouse.gov/fact-sheets/2025/03/fact-sheet-president-donald-j-trump-adjusts-imports-of-automobiles-and-automobile-parts-into-the-united-states/">imposed</a> a 25% tariff “on imports of automobiles and certain automobile parts,” arguing that the move was necessary to address “a critical threat to U.S. national security.” Multiple American and foreign automakers responded to the tariff policy by announcing plans to increase production in the United States.
In May, General Motors <a href="https://www.dailywire.com/news/general-motors-to-cut-back-on-manufacturing-at-canada-plant-over-trump-tariff">said</a> it would cut back production at a truck plant in Oshawa, Ontario, due to Trump’s tariffs taking effect. GM said a month earlier that it planned to ramp up production of light-duty trucks at its assembly plant in Fort Wayne, Indiana.

Trump/Carney/Stellantis

Auto Giant Ends Canadian Jeep Production, Brings Jobs Back To America

Auto Companies

Business

Jeep

President Donald Trump said Friday that his planned meeting with Chinese President Xi Jinping might be canceled following what he called “very hostile” trade actions by Beijing.
In a lengthy Truth Social post, Trump said that China was sending letters to countries around the world, threatening to impose export controls on rare-earth minerals. 
“Some very strange things are happening in China! They are becoming very hostile, and sending letters to Countries throughout the World, that they want to impose Export Controls on each and every element of production having to do with Rare Earths, and virtually anything else they can think of, even if it’s not manufactured in China,” Trump said. 
Trump said he had been contacted by other countries that were “extremely angry” about the export restrictions China rolled out on Thursday.
The president added that his meeting with Xi at the upcoming Asia-Pacific Economic Cooperation (APEC) meeting in South Korea later this month might not occur due to China’s actions. 
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“Things that were routine are no longer routine at all. I have not spoken to President Xi because there was no reason to do so. This was a real surprise, not only to me, but to all the Leaders of the Free World. I was to meet President Xi in two weeks, at APEC, in South Korea, but now there seems to be no reason to do so,” Trump said. 
Trump called China’s move “surprising,” saying the two countries had maintained a “very good” relationship over the past six months. Last month, Trump <a href="https://www.dailywire.com/news/trump-says-tiktok-will-be-american-operated-all-the-way-under-new-deal?author=Leif+Le+Mahieu&amp;category=News&amp;elementPosition=undefined&amp;row=0&amp;rowType=Vertical+List&amp;title=Trump+Says+TikTok+Will+Be+‘American-Operated+All+The+Way’+Under+New+Deal">thanked</a> Xi for supporting a deal to make TikTok American-owned. 
“I have always felt that they’ve been lying in wait, and now, as usual, I have been proven right! There is no way that China should be allowed to hold the World &#8216;captive,&#8217; but that seems to have been their plan for quite some time,” Trump said. 
Trump added in his post that he would take financial countermeasures if China continued to move forward with the export restrictions. He said that for every element China tried to monopolize, the United States would have two. He also noted that there may be additional tariffs imposed on Chinese goods. 
“Ultimately, though potentially painful, it will be a very good thing, in the end, for the U.S.A. One of the Policies that we are calculating at this moment is a massive increase of Tariffs on Chinese products coming into the United States of America. There are many other countermeasures that are, likewise, under serious consideration,” Trump said.

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Trump Warns China Over ‘Hostile’ Actions, Xi Meeting In Jeopardy

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