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U.S. and China Edge Closer to Trade Pact Ahead of Trump-Xi Summit in Korea
The United States and China are nearing a trade agreement ahead of a crucial meeting between Donald Trump and Xi Jinping, potentially stabilizing international markets.
- On October 26, 2025, officials from the United States and China announced they reached an initial consensus for a trade deal to be finalized at the Trump-Xi summit.
- President Donald Trump will meet with Chinese leader Xi Jinping on October 30 in South Korea, marking a significant step in U.S.-China relations amid ongoing trade tensions.
- The agreement is expected to address critical issues such as tariffs and trade imbalances, providing a potential boost for American farmers, particularly in the soybean sector.
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This trade pact could have substantial implications for global economic stability, impacting everything from market confidence to agricultural exports, especially for U.S. farmers relying on China as a key market.