Trump tries to negotiate a trade agreement with China

The 11th Hour with Stephanie Ruhle

MS NOW, Stephanie Ruhle

Politics, Versant, Ms Now, Versant Media, Washington, News, President, Policy, Government, Senate, Congress, Msnbc

4.5 • 3.6K Ratings

🗓️ 30 October 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

On tonight’s Nightcap: The meeting between Trump and President Xi Jinping. Then, the financial costs of the government shutdown continue to grow. Plus, Trump’s crypto venture gets promotion from Binance days after the President pardons its founder. Vaughn Hillyard, Peter Baker, Dan Nathan, Andrew Ross Sorkin, Nayyera Haq, and Arthur Brooks join The 11th Hour this Wednesday night.

Transcript

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0:00.0	Good evening once again. I am Stephanie Ruhl. We're going to get to the midweek nightcap in a minute.
0:09.4	Andrew Ross Sorkin, Naera Huck, Arthur Brooks, and Dan Nathan are standing by. But first, we've got breaking news tonight.
0:15.4	It is day 283 of the second Trump administration. And right now, President Trump's highly anticipated meeting
0:22.3	with his Chinese counterpart, Xi Jinping, is underway in South Korea. The leaders of the world's
0:27.8	two largest economies are discussing a trade truce after months and months of turmoil.
0:33.2	Here's what we just heard moments ago as their meeting kicked off.
0:38.5	We will be having some discussions.
0:41.4	I think we've already agreed to a lot of things and we'll agree to some more right now.
0:47.3	But President and she is a great leader of a great country.
0:51.1	We do not always see eye to eye with each other. And it is normal for the two leading economies of the world to have frictions now and then. And in the face of Wynne's way at the helm of China-U.. relations should stay the right course.
1:15.5	Let's get right to MSNBC senior White House correspondent, Vaughn Hilliard, who is in South
1:20.4	Korea with the president, also with us, Peter Baker, Chief White House correspondent for
1:24.0	the New York Times, and Dan Nathan, CNBC contributor and co-host of the Risk
1:27.9	Reversal podcast. Vaughan, you are traveling with the president. What can you tell us about this
1:32.5	meeting so far and the trip? Right. He's here in Busan, South Korea, and they've been in
1:40.3	the room together for about 45 minutes now. I'm glad that you started off the show by calling
1:44.8	it a trade truce that is being negotiated, Stephanie, because the president is touting this as a
1:50.0	potential trade agreement, a trade deal. But really, when you look at the details of what is so
1:56.1	far been publicly discussed about what the president is hoping to ultimately execute on would amount to a
2:03.6	lowering of temperatures, if you will, from the escalatory tariffs that he began putting in place
2:10.1	back in February.
2:11.5	He first increased tariffs on China and then ultimately increased those tariffs up to 145 percent,
	...

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