Trump Hails "Amazing" Xi Meeting - Trade Concessions, U.S. Soybean Farmers Win, China Eases Rare-Earth Controls
Thursday, Oct 30, 2025 - 05:15 AM
Asian and European equities and U.S. stock futures were mixed after the big event this week unfolded overnight, with a critical trade meeting between President Donald Trump and Chinese President Xi Jinping that yielded a wide range of expected concessions.
Trump said he had an "amazing meeting" with Xi and would immediately slash China's fentanyl tariffs to 10%. He added that China would resume soybean purchases from American farmers. In other positive developments, Beijing agreed to suspend rare-earths export controls for one year, while Washington would dial back blacklisting subsidiaries linked to Chinese firms. Also, both sides agreed to remove certain shipping tariffs and fees.
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https://www.zerohedge.com/markets/trump-hails-amazing-xi-meeting-trade-concessions-us-soybean-farmers-win-china-eases-rare