Trump-Xi summit yields tariff cut, one-year deal on rare earth minerals

France 24•Thursday, October 30, 2025 at 11:18:11 AM

In a significant diplomatic move, US President Donald Trump and Chinese leader Xi Jinping met in South Korea, resulting in a 10 percent cut in US tariffs and a one-year delay on China's rare-earth export controls. This development marks a limited but hopeful step towards easing the ongoing trade tensions between the two nations, which have been affecting global markets. Additionally, the US central bank has cut interest rates for the second time this year, reflecting concerns over economic stability amid the government shutdown. These actions could foster a more cooperative economic environment.

— Curated by the World Pulse Now AI Editorial System

Read Original

Was this article worth reading? Share it

Recommended Readings

Bloomberg44 minutes ago

Energy Sec. Wright on US Energy to China, South Korea

PositiveFinancial Markets

US Energy Secretary Chris Wright is set to travel to Asia soon, following President Trump's announcement that China will increase its purchase of US energy as part of a trade agreement. This development is significant as it not only strengthens US-China trade relations but also highlights the growing importance of energy exports in the global market. Additionally, Wright's discussions on meeting electricity demands for artificial intelligence and energy exports to Europe indicate a forward-thinking approach to energy management.

Read full article

via Bloomberg

Financial Timesan hour ago

US and China agree one-year trade truce after Trump-Xi talks

PositiveFinancial Markets

In a significant diplomatic breakthrough, the leaders of the US and China have agreed to a one-year trade truce following talks between Trump and Xi at a summit in South Korea. This agreement postpones export restrictions on critical materials like rare earths and semiconductors, which are vital for various industries. This truce not only eases tensions between the two economic giants but also provides a much-needed stability in global markets, benefiting businesses and consumers alike.

Read full article

via Financial Times

The Guardianan hour ago

Trump-Xi meeting shows price of confrontation was too high for both sides

NeutralFinancial Markets

The recent meeting between Donald Trump and Xi Jinping in South Korea signals a potential shift in the ongoing trade tensions between the U.S. and China. While the outcome leans more towards a truce rather than a lasting peace, it highlights the necessity for both nations to engage diplomatically. This meeting is significant as it may pave the way for improved relations and a more stable economic environment, which is crucial for global markets.

Read full article

via The Guardian

The Guardian2 hours ago

Halloween candy prices rising, spooked by Trump’s tariffs and climate change

NegativeFinancial Markets

This Halloween, candy lovers are in for a fright as prices are set to rise by 10.8%, with some chocolate treats seeing increases of at least 20%. This surge is largely attributed to Donald Trump's tariffs and the impacts of climate change, making it more expensive to enjoy the holiday's sweet traditions. As families prepare for trick-or-treating, the rising costs could dampen the festive spirit, highlighting the broader economic challenges that affect everyday life.

Read full article

via The Guardian

The Wall Street Journal3 hours ago

Eurozone’s Economy Picks Up Speed as Hopes for Revival Gather Pace

PositiveFinancial Markets

The Eurozone's economy is showing signs of recovery, with GDP increasing by 0.2% in the third quarter, a slight improvement from the previous quarter's 0.1% rise. This growth is significant as it indicates that the 20-nation bloc is adapting to the challenges posed by higher U.S. tariffs. As the economy picks up speed, it raises hopes for a broader revival, which could lead to increased consumer confidence and investment in the region.

Read full article

via The Wall Street Journal

The Guardian3 hours ago

Trump is using the shutdown to make life tougher for millions of workers | Steven Greenhouse

NegativeFinancial Markets

The ongoing government shutdown is causing significant distress for millions of American workers, with food stamps at risk and hundreds of thousands of federal employees facing unpaid leave. President Donald Trump's actions during this crisis have raised concerns, as he appears to be using the situation to politically undermine the Democrats while exacerbating the hardships faced by workers and their families. This situation highlights the broader implications of political maneuvering on everyday lives, making it a critical issue for many.

Read full article

via The Guardian

BBC News3 hours ago

US and China's different reports of their trade meeting

PositiveFinancial Markets

In a recent meeting in South Korea, Donald Trump expressed optimism about reaching a trade deal with China, stating it could happen 'pretty soon.' This is significant as it reflects a potential thaw in trade tensions between the two economic giants, which could have positive implications for global markets and economies.

Read full article

via BBC News

The Wall Street Journal4 hours ago

Oil Falls Despite U.S.-China Trade Relief

NegativeFinancial Markets

Oil prices have taken a hit even after President Trump announced plans to reduce tariffs on China following discussions with Chinese leader Xi Jinping. This decline highlights the ongoing volatility in the oil market, which remains sensitive to geopolitical developments and trade relations. The situation is significant as it reflects broader economic concerns that could impact global markets.

Read full article

via The Wall Street Journal

Latest from Financial Markets

Bloomberg11 minutes ago

Meta Jumbo Bond Sale Seeks to Raise at Least $25 Billion

PositiveFinancial Markets

Meta is making headlines with its ambitious plan to raise at least $25 billion through a bond sale, which could significantly bolster its financial position. This move, involving a dollar-bond sale structured in up to six parts with varying maturities, reflects Meta's confidence in its long-term strategy and market conditions. It's a noteworthy development for investors and the tech industry, as it showcases Meta's commitment to growth and innovation.

Read full article

via Bloomberg

Investing.com20 minutes ago

Meta seeks at least $25 billion from bond offering, Bloomberg reports

NeutralFinancial Markets

Meta is reportedly looking to raise at least $25 billion through a bond offering, according to Bloomberg. This move is significant as it reflects the company's strategy to bolster its financial position amid ongoing market challenges. By tapping into the bond market, Meta aims to secure funds that could be used for various initiatives, including investments in technology and potential acquisitions.

Read full article

via Investing.com

Investing.com20 minutes ago

Earnings call transcript: Marine Products Q3 2025: Earnings Miss, Stock Down

NegativeFinancial Markets

Marine Products reported disappointing earnings for the third quarter of 2025, leading to a decline in their stock price. This miss highlights ongoing challenges in the market and raises concerns among investors about the company's future performance. Understanding these financial results is crucial as they can impact investor confidence and the overall market sentiment.

Read full article

via Investing.com

The Wall Street Journal20 minutes ago

Roblox Quarterly Loss Widens, but Bookings Surge; Lifts Revenue Forecast

PositiveFinancial Markets

Roblox has reported a wider loss for the third quarter, but the company is optimistic as it raises its revenue forecast due to strong growth driven by popular video gaming trends. This is significant because it indicates that despite the losses, the demand for Roblox's platform is increasing, suggesting a bright future for the company as it capitalizes on these gaming crazes.

Read full article

via The Wall Street Journal

Investing.com21 minutes ago

ABVC BioPharma board approves performance incentive plan tied to $1B market cap

PositiveFinancial Markets

ABVC BioPharma's board has approved a new performance incentive plan that is linked to achieving a $1 billion market cap. This move is significant as it aligns the interests of the company's management with those of its shareholders, potentially driving growth and innovation in the biopharma sector. By setting ambitious targets, ABVC aims to enhance its market position and attract further investment, which could lead to advancements in their product pipeline.

Read full article

via Investing.com

Bloomberg23 minutes ago

Kazakhstan Holds Talks With Exxon About Kashagan Oil Field Expansion

PositiveFinancial Markets

Kazakhstan is engaging in discussions with Exxon Mobil Corp. regarding the expansion of the Kashagan oil field, which is significant as it holds untapped potential for increased oil production. This collaboration could enhance Kazakhstan's energy sector and boost its economy, making it a noteworthy development in the global oil market.

Read full article

via Bloomberg