On Thursday, President Donald Trump and President Xi Jinping of China announced a one-year truce in their trade war, capping six contentious months of negotiations and retaliatory tariffs between the world’s two largest economies.

On today’s Big Take podcast, Bloomberg’s Global Trade Editor Brendan Murray and Executive China Editor John Liu join host David Gura to parse the details of the new US-China trade agreement — and why both countries are moving forward without a permanent deal.

Read more: Trump and Xi Put Limits on Their Trade War in a ‘12 Out of 10’ Summit

On Thursday, President Donald Trump and President Xi Jinping of China announced a one-year truce in their trade war, capping six contentious months of negotiations and retaliatory tariffs between the world&rsquo;s two largest economies.
On today&rsquo;s Big Take podcast, Bloomberg&rsquo;s Global Trade Editor Brendan Murray and Executive China Editor John Liu join host David Gura to parse the details of the new US-China trade agreement &mdash; and why both countries are moving forward without a permanent deal.
Read more:&nbsp;<a href="https://www.bloomberg.com/news/newsletters/2025-10-30/trump-and-xi-put-limits-on-their-trade-war-in-a-12-out-of-10-summit">Trump and Xi Put Limits on Their Trade War in a &lsquo;12 Out of 10&rsquo; Summit</a>

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

Trump Got an ‘Amazing’ Meeting. China Got Much-Needed Time

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/b6a3b8c7-2119-44c0-8def-b386013f974b/transcript

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