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Xi Trump Meeting ?2

10:37 30-Oct-25


To hear Trump tell it, his meeting with Xi yesterday was a resounding success.  Tariffs on China will be reduced by 10% and China is supposed to resume buying American soybeans and lift rare earth restrictions.  Markets seem less impressed and American equity markets are negative, though cloud reliability may be another factor in that.  Possibly they are remember similar pronouncement back in January of 2020 during Trump's first term, when he said China would buy $200b of American goods.  CrowdWisers was correct in regarding that as unrealistic at the time.  In fact, this link shows China didn't even make a pretense at following through, as recently acknowledged by the administration.

It should further be stressed that there is no actual trade deal here yet, though Trump expects one soon, and thus nothing to track so far.  The market would be right to doubt that China will fully pivot back from Brazilian soybeans.  Tariff reductions are a good thing, but what happens going forward in the real world is still anybody's guess.