US President Donald Trump and Chinese leader Xi Jinping met in South Korea on October 30, 2025, to stabilize bilateral relations and address tariff tensions that have fueled economic uncertainty. Prior to the meeting, Trump indicated significant progress, stating in a video posted by The White House, "We’ve already agreed to a lot of things and we will agree to some more right now." He added, "I think we’re going to have a fantastic relationship for a long period of time." The meeting concluded with both sides signaling a desire to avoid destabilizing the global economy.
Recent tariff implementations and China's retaliatory limits on rare earth element exports had sparked fears of an economic slowdown, contributing to a crypto market crash on October 10 that saw Bitcoin (BTC) plummet from $121,560 to below $103,000. US officials have since indicated that Trump does not intend to follow through with a threatened additional 100% import tax on Chinese goods, while China is expected to ease export controls on rare earths and potentially increase purchases of US soybeans.
The tariffs have also created uncertainty for Bitcoin mining operations, particularly those reliant on imports from Southeast Asia, such as Malaysia, which faces a 19% US tariff on exports. Trump's Asian tour included meetings with other leaders to address these trade issues, highlighting the broader impact on industries like AI and cryptocurrency mining.
HETU
AIUSD
FLUX
ETH
SOL