Rich People Trades
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

Rich People Trades

Politics

Trump touts ‘12 out of 10’ meeting with Xi, downplays reports of Venezuela strikes

by admin November 2, 2025
November 2, 2025
Trump touts ‘12 out of 10’ meeting with Xi, downplays reports of Venezuela strikes

President Donald Trump spent the week in Asia meeting with other global leaders, including Chinese President Xi Jinping, while his administration ramped up its attacks against alleged drug boats in Latin America.

Trump met with Xi Thursday in South Korea, where the two hashed out a series of agreements concerning trade. Specifically, Trump said he agreed to cut tariffs on Chinese imports by 10% — reducing the rate to from 57% to 47% — because China said it would cooperate with the U.S. on addressing the fentanyl crisis.

Additionally, Trump said that he would not move forward with imposing an additional 100% tariff on Chinese goods that were expected to kick in Saturday. Trump threatened the steep hike after China announced in October it would impose export controls on rare earth magnets, which he said China had agreed to postpone by a year.

Afterward, Trump described the meeting as a massive success, and signaled that a broader trade deal between the two countries would be signed shortly.

‘Zero, to 10, with 10 being the best, I’d say the meeting was a 12,’ Trump told reporters after meeting with Xi. ‘A lot of decisions were made … and we’ve come to a conclusion on very many important points.’

From China’s point of view, Xi said afterward the two countries should work together and complete outstanding tasks from the summit for the ‘peace of mind’ of China, the U.S., and the rest of the world.

‘Both sides should take the long-term perspective into account, focusing on the benefits of cooperation rather than falling into a vicious cycle of mutual retaliation,’ Xi said, according to a state media report on the meeting.

Additionally, Trump announced on the Asia trip, which also included stops in Malaysia and Japan, that he would instruct the U.S. to revive nuclear weapons testing —upending decades of precedent on nuclear policy, as the U.S. has not conducted nuclear weapons testing since 1992. The announcement also left lawmakers, experts and military personnel wondering what he meant since no other country has conducted a known nuclear test since North Korea in 2017.

China’s and Russia’s last known tests go back to the 1990s, when Russia was still the Soviet Union.

The White House did not provide comment to Fox News Digital. The Pentagon did not respond to a request for comment.

However, experts are aligned that Trump likely meant he would instruct the U.S. to either increase its testing of nuclear-powered weapons systems or conduct tests of low-yield nuclear weapons.

Vice President JD Vance told reporters Thursday that Trump would continue to work on nuclear proliferation, but said testing would be done to guarantee weapons are working at optimal capability.

‘It’s an important part of American national security to make sure that this nuclear arsenal we have actually functions properly,’ Vance said. ‘And that’s part of a testing regime. To be clear, we know that it does work properly, but you got to keep on top of it over time. And the president just wants to make sure that we do that with his nation.’

The Trump administration also stepped up its campaign against drug cartels in Latin America, totaling at least 14 strikes against alleged drug boats in the region.

Secretary of War Pete Hegseth announced Tuesday that the U.S. had conducted three strikes against four vessels in the Eastern Pacific, and Hegseth announced Wednesday another strike had also been conducted in those waters.

But the White House dismissed reports Friday that the Trump administration had identified and was poised to strike military targets within Venezuela imminently. Trump later told reporters that he hadn’t determined whether he would conduct strikes within Venezuela.

Lawmakers — including some Republicans — have pressed for more answers on the strikes, and have questioned if they are even legal. For example, Sens. Adam Schiff, D-Calif., Tim Kaine, D-Va., and Rand Paul, R-Ky., spearheaded a war powers resolution that would prohibit U.S. armed forces from engaging in ‘hostilities’ against Venezuela.

‘The Trump administration has made it clear they may launch military action inside Venezuela’s borders and won’t stop at boat strikes in the Caribbean,’ Schiff said in an Oct. 17 statement.

The Associated Press contributed to this report.

This post appeared first on FOX NEWS

previous post
Trump’s ‘nuclear’ demand not landing for Senate Republicans amid shutdown

Related Posts

House Democrats accuse Trump of trying to ‘steal’...

October 29, 2025

Pence group warns Senate not to rubber-stamp Trump’s...

June 13, 2025

Bipartisan fury at CDC: Senators demand probe, reject...

August 29, 2025

Self-described ‘unapologetic supporter of Israel’ John Fetterman weighs...

October 7, 2025

State Department reveals plan to deliver ‘life-saving’ meals...

June 11, 2025

Rubio doubts ‘anything productive’ will happen in Ukraine...

May 16, 2025

DOJ sues four blue states over ‘unconstitutional’ climate...

May 2, 2025

Trump caps week with Ryder Cup appearance after...

September 28, 2025

DAVID MARCUS: Trump is flunking his MAGA base’s...

July 13, 2025

CIA director says China is #1 priority, poses...

April 18, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Editors’ Picks

    • 1

      First lady Melania Trump’s new official portrait revealed

      January 28, 2025
    • 2

      American fighters are dying in Ukraine in growing numbers. Bringing their bodies home is a complex task

      January 30, 2025
    • 3

      ECOWAS pledges to ‘keep door open’ after 3 coup-hit West African nations exit regional bloc

      January 30, 2025
    • 4

      Vale Launches Strategic Review of Thompson Nickel Operations Amid Market Challenges

      January 28, 2025
    • 5

      Europe’s busiest airport is set to get bigger, as Britain green-lights tortured Heathrow expansion project

      January 30, 2025
    • 6

      Top Altcoins to Watch in 2025: An Investor’s Guide

      January 28, 2025
    • 7

      DeepSeek is giving the world a window into Chinese censorship and information control

      January 30, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: richpeopletrades.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 richpeopletrades.com | All Rights Reserved