What Xi’s New Playbook for Trump Means for U.S.-China Trade

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 24 October 2025

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Oct. 24. During President Trump’s second term, Chinese leader Xi Jinping has adopted a playbook for dealing with the U.S. president that’s offered concessions but also hits back harder. WSJ chief China correspondent Lingling Wei discusses how that’s played out so far, and what it means for the upcoming meeting between the two leaders. Plus, investors are loving Intel again—its stock has almost doubled this year; the company has announced investments from SoftBank, Nvidia and the U.S. government; and yesterday’s earnings report showed momentum. But as WSJ Heard on the Street writer Asa Fitch tells us, that may not be enough to fix the company’s troubles. And the Pentagon said it is sending the Navy’s most advanced aircraft carrier to the Caribbean, a major escalation of the Trump administration’s military campaign in the region. Alex Ossola 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	Boardrooms love buzzwords.
0:02.0	AI, climate, resilience.
0:03.8	But what do they actually mean for CFOs and execs trying to survive the next earnings call?
0:08.3	That's where the pre-read comes in.
0:09.9	Real experts and real talk.
0:11.7	Subscribe to the pre-read, presented by Workieva.
0:18.8	The Pentagon orders an aircraft carrier to the Caribbean,
0:22.5	an escalation of the Trump administration's campaign to target drug smugglers there.
0:27.5	Plus, yesterday's earnings may break a losing streak for Intel,
0:31.0	but the company's problems aren't solved yet.
0:34.1	And how Chinese leader Xi Jinping has recalibrated his relationship with President Trump
0:39.0	ahead of next week's summit in South Korea.
0:41.6	The U.S. seems to be trying to figure a way to deal with the very aggressive rare earth measures
0:50.6	put forward by the Chinese to reassert their position in this relationship.
0:58.0	It's Friday, October 24th.
1:00.2	I'm Alex Osala for the Wall Street Journal.
1:02.6	This is the PM edition of What's News, the top headlines and business stories that move the world today.
1:10.7	We begin this evening in Washington, where the Pentagon has said that it's sending the Navy's
1:15.8	most advanced aircraft carrier to the Caribbean. A Pentagon spokesman said today that
1:20.5	Defense Secretary Pete Hegseth has ordered the USS Gerald R. Ford Carrier, which is
1:25.5	currently deployed in the Mediterranean, to the Caribbean,
1:28.7	bringing dozens more fighter and surveillance aircraft, along with other Navy warships that accompany
	...

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