U.S. Treasury Secretary Scott Bessent adjusts his glasses during a meeting with U.S. President Donald Trump and President of Argentina Javier Milei in the Cabinet Room at the White House on Oct. 14, 2025 in Washington, DC.China has been using its dominance in the rare earth industry to slash prices, driving foreign competitors out, U.S. Treasury Secretary Scott Bessent told CNBC on Wednesday stateside in an exclusive interview. He characterized the country as having "a nonmarket economy."In response, the Tr ...

Economic Theatrics and Market Reactions - Donald J. Trump continues to influence market dynamics through his announcements and social media posts, creating a unique environment where investor sentiment is swayed more by his rhetoric than by fundamental analysis [1][5][17] - The U.S.-China trade war remains a central theme, with Trump reiterating threats of imposing a 100% tariff on Chinese goods, particularly in response to China's control over rare earth exports [2][4] Company-Specific Impacts - Bunge Global SA's shares surged over 12% to $92.71 following Trump's threat to end cooking oil purchases from China, highlighting the fragmented market reactions to his policy statements [3] - Archer-Daniels-Midland Co. also saw a 2.5% increase in shares to $63.41, benefiting from potential increased domestic demand for soybeans [3] Market Volatility - Significant market turbulence was observed, with the S&P 500 dropping 2.7% and the Nasdaq 100 losing 3.5% on October 10 due to tariff threats, marking one of the worst trading days since the COVID-19 pandemic [4] - A subsequent recovery occurred, with major indices rebounding by 2.2% to 1.3% after Trump reassured investors via social media, illustrating the volatility and rapid shifts in market sentiment [5] International Trade and Tariff Threats - The International Monetary Fund (IMF) upgraded its global growth forecast but warned of "Trump-US-China Trade Risks," indicating the pervasive influence of Trump's trade policies on global economic outlooks [6] - Trump's threats of tariffs on Spain could impact Spanish exports worth up to €22.7 billion, further complicating international trade dynamics [9] Domestic Policy and Economic Implications - Trump's proposal of a "$1,000 stimulus check for every newborn" could significantly impact consumer discretionary stocks, reflecting the potential for broad-based economic stimulus to influence market sectors [11] - The withholding of $40.6 million from California over truck driver English proficiency rules highlights how regulatory disputes can affect local economies and infrastructure projects [10] Geopolitical Factors - Trump's comments on Venezuela and potential military actions introduce geopolitical volatility that could indirectly affect energy markets, although immediate impacts on companies like ExxonMobil are unclear [7] - Oil prices have contracted significantly, with Brent and WTI futures falling by 3.82% and 4.24% respectively amid fears of reduced demand due to tariff implementations [8] Regulatory Environment and Corporate Responses - Trump's criticism of the EU's $3.5 billion fine on Google reflects his engagement with corporate regulatory issues, adding unpredictability for tech giants [13] - The market's response to Trump's fluctuating policies underscores the need for companies to navigate a landscape characterized by rapid changes and uncertainty [15][17]

Canada's Trade and Economic Strategy - Canada is doubling down on the Indo-Pacific strategy, focusing on diversifying supply chains and building trading relationships across the region [2] - Canada aims for a Free Trade Agreement (FTA) with ASEAN in 2026 [2] - Canada is prioritizing its sovereign and economic interests through diplomacy, leveraging its natural resource wealth, including critical minerals and energy [5][6] - Canada is actively diversifying supply chains, as evidenced by the Foreign Minister's visit to the Indo-Pacific region [7] Canada-China Relations - China is one of Canada's largest trading partners, although trade with the United States accounts for approximately 80% of Canada's total trade [8] - Canada's strategy with China involves challenging where necessary and cooperating where possible, with a key focus on opening strategic dialogue [9][10] - Canada seeks to balance trade opportunities with the need to address issues such as human rights and the South China Seas in its relationship with China [10] Energy and Resources - Canada possesses a competitive advantage in LNG and is witnessing global demand for its LNG and other energy resources [15][16] - Canada is developing its capacity for LNG and has multiple large national projects, including wind, LNG, and nuclear energy, attracting international investment interest [15][16] Canada-India Relations - Canada is taking a step-by-step approach to mend relations with India, focusing on public security and law enforcement dialogue [21] - Canada and India finalized a joint statement for cooperation on public security, energy, critical minerals, resilient trade routes, and agriculture [5][22] Multilateral Engagement - Canada is the host of the G7 and is actively engaged with G7 counterparts across various government ministries [6] - Canada is a proponent of multilateralism and is committed to promoting multilateral engagement across trade, defense, security, and global organizations [19][20]

Trade War & Negotiations - The US initiated an unprecedented tariff war and tech war against China, leading to retaliatory measures from China [9][10] - China views the trade tensions as necessary struggles for economic strengthening and is prepared to fight to the end [2] - The US may have overestimated its leverage and underestimated China's capacity for counteraction and strategic composure [4] - A potential meeting between the two presidents is desired by both sides, but requires improved conditions to be fruitful [6][7] - China expects the US to show good faith by scaling back the new rule implemented on September 29th [13][14] - China is prepared to walk away from negotiations if no agreement can be reached [31][32] Leverage & Retaliation - China's export control policy on rare earths is mainly a retaliation to recent US moves [20] - The soybean issue is part of China's leverage in dealing with US tariffs, and reconsideration of US agricultural product purchases is possible if tariff issues are addressed [23] US Policy & Internal Divisions - The US administration is divided between pragmatists seeking improved relations and those pushing for strategic decoupling [11][12] - The US side understands the limits of tariff control, as tariffs have been counterproductive and contributed to inflation [28][29] Future Outlook - Another extension of trade talks is expected as a minimum, with the hope of resolving the tariff issue entirely [26][27] - The business community desires a clear message from both sides to reduce uncertainty [28]

Group 1: U.S.-China Trade Relations - China is leveraging its dominance in the rare earth industry to reduce prices, which is negatively impacting foreign competitors, according to U.S. Treasury Secretary Scott Bessent [1] - The Trump administration plans to implement "industrial policy" to establish price floors in various industries, which would act as a form of government price control [1] Group 2: Banking Sector Performance - Bank of America and Morgan Stanley reported exceptional second-quarter earnings that exceeded analyst expectations, joining other major U.S. banks like JPMorgan Chase and Goldman Sachs in a strong performance driven by robust dealmaking and high stock market levels [2] Group 3: Equity Market Trends - Despite ongoing trade tensions with China, traders are maintaining confidence in equities, as evidenced by record highs in the S&P 500, Nasdaq Composite, and Russell 2000, supported by positive earnings reports indicating economic resilience [3] - The future performance of equities may hinge on upcoming earnings reports from major technology companies such as Tesla and Intel [4]

🇺🇸 🇨🇳 TODAY: President Trump confirms the US is in an active trade war with China, stating "We're in one now." https://t.co/ckI9E47NQl ...

Market Overview - The market finished slightly in the green, with the S&P 500 approaching 6700, and the NASDAQ up about 0.7% [5][3] - The semiconductor sector showed strong performance, increasing nearly 3% [2][3] Company Earnings - United Airlines reported a third-quarter adjusted EPS of $2.78, beating estimates of $2.66, with CapEx at $6 billion and operating revenue meeting expectations [6][7] - The outlook for United Airlines indicates a fourth-quarter adjusted EPS of $3 to $3.50, surpassing the street's expectation of $2.82 [8][11] - J.B. Hunt's third-quarter EPS was $1.76, exceeding expectations by $0.30, with total revenue of $3.05 billion, also above the forecast [23][24] Individual Stock Performances - Advanced Micro Devices (AMD) stock rose about 9% after HSBC raised its price target from $185 to $310 [15] - Bank of America and Morgan Stanley saw stock increases of approximately 4.5% and 4.7%, respectively, driven by strong earnings and increased investment banking activity [16] - Papa John's Pizza stock increased over 9% following a bid from Apollo Global to take the company private at $64 per share [18] Economic Context - The market dynamics are influenced by ongoing trade tensions between the U.S. and China, particularly regarding rare earth minerals [3][4] - The Federal Reserve's Beige Book indicated a K-shaped economy, with some consumers continuing to spend on services despite broader economic uncertainties [11][12]

BREAKING: 🇺🇸 🇨🇳 PRESIDENT TRUMP SAYS WE ARE IN TRADE WAR WITH CHINA. https://t.co/T8UDQQbJnu ...

John, that's right. The president took questions from reporters in the Oval Office just a couple of moments ago. A couple of items for our audience that I think are important to focus on.One is uh the president said that uh leader Modi of India has assured him uh that he is going to stop buying Russian oil. So no additional details on that but that might be geostrategically something to watch. Is Modi saying uh he's no longer going to p purchase Russian oil at least according to President Trump.That convers ...

As China and America clash over trade, cracks emerge in each side’s position https://t.co/IZJeDBsquF ...