US Trump Meets Xi of China in Busan: Crypto Users Eye $130K BTC Rally

Trump Meets Xi at the APEC Summit 2025 in Busan, South Korea. They met face-to-face, raising global hopes for easing trade tensions. Will this end the US-China Trade war?

US President Trump Meets President of China Xi in South Korea

U.S. President Donald Trump and China's President Xi Jinping met on Thursday in Busan, South Korea, during the Asia-Pacific Economic Cooperation (APEC) Summit. This marks their first in-person meeting since Trump’s return to the White House and has quickly become the most-watched event of the summit.

Source: WhiteHouse X and other popular websites

The two leaders were seen shaking hands on a red carpet surrounded by their national flags, exchanging warm words before the start of what Trump called a “very successful meeting.” Xi described Trump as a “partner and friend,” expressing confidence that both nations could work together for global stability and shared prosperity.

What Have They Discussed?

The negotiations were mainly aimed at solving the trade conflict that has been rocking the world in the past months between the U.S. and China. The key topics on the table included tariffs, restrictions on high-tech exports, and China’s curbs on rare earth mineral exports.

Trump hinted that a trade deal “could be signed today,” according to BBC reports. He also suggested lowering certain tariffs in exchange for China’s cooperation on curbing fentanyl production.

Additionally, both leaders discussed the future of TikTok’s U.S. operations and broader technology trade policies that have recently strained relations between the two largest economies.

Officials from both sides emphasized that they are committed to finding common ground. Analysts believe the talks could set the tone for a new phase in U.S.-China relations, especially after years of escalating tariff battles and economic nationalism.

US-China Trade Deal : War Continues or Concludes

Early reports by Bloomberg and Reuters suggest that talks have gone a long way in terms of an agreement on a framework trade deal that covers trump tariffs , rare earth exports, and semiconductor supply chains.

A successful agreement would revive parts of the 2020 Phase One trade deal and could bring relief to industries hit by years of tit-for-tat tariffs.

Chinese President Xi also praised Trump’s contribution to global peace, particularly his recent role in brokering a Gaza ceasefire. His words emphasized the attempt to regain confidence and present the relations between China and the U.S. as a collaboration instead of a competition.

Why This Meeting Is Significant for the Market & Crypto

This meeting is under close focus in the financial and crypto markets . According to X influencers, Bitcoin, which is trading at around 110,000-121,000, has not performed well in comparison with U.S. stocks as a result of the trade uncertainty.

Source: Ash Crypto

Traders reckon that Bitcoin would soar above 130,000 in case a trade deal is announced. Traditionally, the global markets and cryptocurrencies have experienced temporary increases whenever the U.S. and China have reached temporary truces, like the one in the 2019 Osaka Summit.

A successful Busan would soothe world investors, boost risk assets, and decrease volatility that has been the order of the day in 2025.

The Most Controversial and Surprising News Just Arrived

Just hours before the meeting, the US President shocked observers by announcing that the country would resume nuclear weapons testing “on an equal basis” with other nations. He stated that this decision was necessary to maintain America’s defense parity with rivals such as China and Russia.

The announcement stirred global concern and added a tense backdrop to what was otherwise billed as a peace-focused summit. Despite this, both Trump and Xi appeared composed and optimistic as talks began.

What’s Ahead?

As the talks progress, analysts believe that there will be a slight compromise or a joint statement that will focus on peace and collaboration. South Korea, whose APEC is the first in the post-2005 period, is hoping to act as a mediator between Washington and Beijing.

Even if a formal deal isn’t signed, the meeting itself signals progress and may restore confidence in the global economy—and potentially fuel the next big crypto rally.