The market turning point might come during the 2025 Asia-Pacific Economic Cooperation (APEC) meeting. From October 31 to November 1, China and the U.S. will officially meet in Gyeongju, Gyeongsangbuk-do, South Korea. This is likely to mark the conclusion of this phase of the trade war. Back in 2019, the China-U.S. trade war had three major rounds, with the last significant clash ending in the signing of the 'Phase One Trade Agreement,' signaling a temporary easing of trade tensions. In the end, Trump is just an actor and businessman—he’s not aiming for a fight to the death.