China In Context
China In Context
SOAS China Institute
Trade War Truce — and a Five Year Plan
30 minutes Posted Nov 3, 2025 at 3:00 pm.
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China and the US reached a truce in their trade war at the recent meeting between Donald Trump and Xi Jinping in South Korea. And the two leaders even pledged to visit each other’s countries next year. But US tariffs on Chinese imports remain at around 47% — and a dispute over the export of US semiconductor chips to China looks set to continue. These tensions seem to have informed the Communist Party’s newly released proposals for China’s next Five Year Plan, which focus on innovation and mak...