From Washington: What We Know About The Trade Deal With China

The Fox News Rundown

FOX News Podcasts

Daily News, News, Politics

3.4 • 1.7K Ratings

🗓️ 1 November 2025

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

After a visit to Asia that included a meeting with Chinese President Xi Jinping, President Trump returned to the White House on Thursday, dismissing proposals to impose a 100% tariff. Michael Allen, Former National Security Council Senior Director and managing director of Beacon Global Strategies, joins to discuss how the meeting between President Trump and President Xi helped de-escalate trade tensions, China’s continued aggression in the South China Sea and the need to maintain a U.S. presence, and President Trump’s announcement directing the Pentagon to resume nuclear weapons testing. Later, retired U.S. Ambassador to Venezuela James B. Story joins to discuss the state of Venezuela’s regime, the secrecy of U.S. military activity in the region, and the Maduro government’s ties to China, Russia, drug cartels, and terrorist organizations. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Saturday, November 1st, 2025.
0:07.0	I'm Jared Halper.
0:08.0	President Trump pushes the brakes on triple-digit Chinese tariffs after a sitdown with
0:14.0	Xi Jinping.
0:15.0	The president was obviously very happy with what he got out of Xi Jinping because he immediately
0:20.0	reduced the tariff as it
0:22.1	pertained to fentanyl by 10%.
0:24.5	And the U.S. military is stepping up at show of force near Venezuela.
0:29.7	These are assets that, generally speaking, wouldn't be assets we would deploy against solely
0:34.6	counter narcotics targets.
0:35.8	This is the Fox News rundown from Washington.
0:48.8	There appears to be a ceasefire in the trade war between the U.S. and China, but the war on drugs in the Western
0:55.6	hemisphere may be intensifying. After meeting with President Xi Jinping this week, President
1:00.8	Trump announced he would reduce the tariff rate on imports from China and will not impose
1:06.4	what would have been a record high triple-digit import tax starting today. In exchange, China says
1:12.9	it will resume substantial purchases of American-grown soybeans and other agriculture and back
1:18.7	off from a proposal that would have severely limited exports of rare earths and critical minerals
1:24.7	needed in a wide range of electronics and defense systems.
1:29.1	Yeah, I thought it was a rapidly escalating trade war, and I think what we've done is added
1:35.1	some stability back into the relationship, at least here in the short to medium term.
1:42.2	Michael Allen served on the National Security Council for President George W. Bush
1:46.9	and was a staff director for the U.S. House Intelligence Committee.
	...

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