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"There are no winners" in the US-China deal

Pacific Asia • Oct 30, 2025, 3:57 PM
1 min de lecture
The US-China deal has prompted questions as to what each country has managed - or not - to get from the other, with the world's two biggest economy promising a year-long trade truce. But in truth "there are no winners" in the deal Peter Gries, Lee Kai Hung Chair & founding Director of the Manchester China Institute, tells Oliver Farry on Daybreak.

Today

Tariff cuts, soybeans, rare earths exports: Trade takeaways from Trump-Xi meeting
Pacific Asia • 4:56 PM
1 min
From the lowering of US tariffs on Chinese goods to an agreement by Beijing not to tighten restrictions on rare earths exports, the meeting between President Donald Trump and China's Xi Jinping Thursday was a "great success", the US leader said. While Ch
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Both US and China leaders get concessions to help domestic economy in deal
Pacific Asia • 3:58 PM
1 min
U.S. President Donald Trump and Chinese President Xi Jinping concluded their high-stakes meeting in South Korea with a trade-war truce. While there were no drastic changes in the relationship, the two sides did agree to a year-long extension of their cur
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"There are no winners" in the US-China deal
Pacific Asia • 3:57 PM
1 min
The US-China deal has prompted questions as to what each country has managed - or not - to get from the other, with the world's two biggest economy promising a year-long trade truce. But in truth "there are no winners" in the deal Peter Gries, Lee Kai Hu
Read the article
"Trump sees he is face-to-face with someone who will not budge" when it comes to Xi
Pacific Asia • 11:44 AM
1 min
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Pacific Asia • 11:04 AM
1 min
After Trump hailed an "amazing" meeting with XI Jinping, China confirms it found "consensus" with the US. The deal could lead to a year-long trade truce between the world's two largest economies. By bringing more stability into the global flow of trade,
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Pacific Asia • 10:38 AM
1 min
Speaking aboard Air Force One, US President Donald Trump said a deal had been reached with Xi Jinping. Trump is also set to visit China in April. It was the first time the two leaders were shaking hands again since 2019, with hopes it will ease tensions
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Pacific Asia • 10:14 AM
1 min
US President Donald Trump described his face-to-face with Chinese leader Xi Jinping on October 30, 2025, as a roaring success, saying he would cut tariffs on China by ten percentage points. He also said Beijing had agreed to allow the export of rare eart
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Trump trims tariffs on China, strikes rare earths deal after talks with Xi
Pacific Asia • 3:32 AM
1 min
US President Donald Trump on Thursday said he had agreed with President Xi Jinping to lower tariffs on China in exchange for Beijing resuming US soybean purchases and keeping rare earths exports flowing. The talks, their first face-to-face meeting since
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