Trump, Xi Scale Back Trade Tensions

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 30 October 2025

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for Oct. 30. President Trump and Chinese leader Xi Jinping emerged from their first face-to-face meeting in six years with a temporary truce in their trade fight. WSJ’s Meridith McGraw explains what the superpowers’ agreement entails. Plus, Trump says the U.S. will begin testing nuclear weapons on an “equal basis” with Russia and China. And, WSJ’s Katherine Clarke details why the Hamptons luxury housing market is staging a comeback for the ages. Caitlin McCabe hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Nearly home.
0:02.2	Isn't home where we all want to be?
0:04.4	Riba here for Realtor.com, the pro's number one most trusted app.
0:09.1	A dream home isn't a dream home if it comes with a nightmare commute.
0:12.9	That's why realter.com has real commute, so you can search by drive time.
0:17.7	Download the realtor.com app today because you're nearly home. Make it real with
0:23.5	real with realtor.com. Pro's number one most trusted app based on August 24 proprietary survey.
0:33.0	President Trump and Chinese leader Xi Jinping emerged from their summit with steps to de-escalate trade tensions.
0:40.9	Plus, Trump orders the Pentagon to start testing America's nuclear weapons.
0:46.9	And we take a look at why the Hampton's real estate market is roaring back to life after years of sluggishness.
0:53.8	We can see deals completely stall in the overall housing market, and yet $100 million
0:58.1	homes are flying off the shelf in the ultra-luxury market.
1:01.1	This is really its own stratosphere.
1:03.9	It's Thursday, October 30th.
1:05.8	I'm Caitlin McCabe for the Wall Street Journal, and here is the AM edition of What's News.
1:10.0	The top headlines and business stories moving your world today.
1:16.1	President Trump and Chinese leader Xi Jinping have emerged from their first face-to-face meeting
1:22.0	in six years, with a number of steps to de-escalate trade tensions.
1:27.8	The two leaders met for nearly 90 minutes at an air base in South Korea,
1:32.6	following a bruising stretch of fighting over trade and technology.
1:37.5	Following the meeting, Trump said the U.S. would lower tariffs on China
1:41.1	in exchange for Beijing's cooperation in cracking down on the export of chemicals
	...

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