Balance of Power20 Okt 2025

Trump Lists Top China Demands

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump listed rare earths, fentanyl, soybeans and Taiwan as the US’s top issues with China, underlining the divisive topics the two sides plan to tackle at the negotiating table as a fragile trade truce nears its expiration.

“I don’t want them to play the rare earth game with us,” Trump said on Air Force One on Sunday as he headed back to Washington from Florida. Days earlier, the US leader threatened an additional 100% tariff on Chinese products after Beijing vowed to exert broad controls on the minerals.

Trump also said the US wanted China “to stop with the fentanyl,” a reference to his accusation that the Chinese government has failed to curb exports of the drug and its precursor chemicals, contributing to the American opioid crisis. Another key demand was for the world’s No. 2 economy to resume soybean purchases.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition Bloomberg's Tyler Kendall is in for Kailey. Joe and Tyler speak with:

Bloomberg Senior Editor Wendy Benjaminson.
Rapidan Energy Group President Bob McNally.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
Bloomberg National Security Reporter Courtney McBride.
Atlantic Council Non-Resident Senior Fellow Melinda Haring.

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