US President Donald Trump and Chinese President Xi Jinping held their first in-person meeting in six years on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Busan, South Korea, on October 30, 2025. Trump described the talks as "amazing" and rated them "12 out of 10," announcing a tactical truce that includes China resuming soybean purchases from the US, a one-year suspension of Beijing's rare earth export controls, and a reduction in US tariffs on Chinese goods from 57% to 47%. This de-escalation, framed by Trump as a "G2" dialogue between the world's two largest economies, comes amid ongoing global trade tensions and raises questions about its implications for middle powers like India, which faces higher US tariffs on Russian oil imports while navigating Quad alliances and border frictions with China.