World Business Report Can South Korea meeting ease US China trade tensions?
Oct 29, 2025
Dr. Henry Wang, a former advisor to China's State Council, discusses the stakes of the much-anticipated Trump–Xi summit, focusing on trade stability and cooperation against fentanyl. Jeff Moon, a trade strategist, provides insights on the fragility of any potential agreements and their ramifications for small businesses, as highlighted by Peter Moses, who shares how tariffs impact his coffee roastery. Meanwhile, tech correspondent Lily Jamali covers major earnings from firms like Alphabet, detailing AI's role in their success and hinting at future challenges.
AI Snips
Chapters
Transcript
Episode notes
Summit As Stability Test
- The Trump–Xi meeting is framed as a make-or-break moment for a trade ceasefire and global stability.
- Both sides signal concessions on rare earths and fentanyl-related chemicals to avoid renewed tariff escalation.
Fentanyl Requires Joint Action
- Henry Wang argues fentanyl control requires US–China collaboration and credits China with reducing deaths.
- He warns accusations that China is solely to blame ignore joint responsibility and past US actions.
Rare Earths As Reciprocal Policy
- China frames rare earth export controls as reciprocal to US semiconductor export curbs.
- Henry Wang says both sides follow similar national security logics, not unilateral aggression.