LATEST: The US and China make progress on multiple fronts, from TikTok to the suspension of some export controls and tariffs.Follow our live blog for more ⤵️ https://t.co/B7xMk3PATg ...

#要闻 中国商务部：美方将取消针对中国商品加征的10%所谓“芬太尼关税”，对中国商品加征的24%对等关税将继续暂停一年。中方将相应调整针对美方上述关税的反制措施。双方同意继续延长部分关税排除措施。美方将暂停实施其9月29日公布的出口管制50%穿透性规则一年。中方将暂停实施10月9日公布的相关出口管制等措施一年，并将研究细化具体方案。美方将暂停实施其对华海事、物流和造船业301调查措施一年。美方暂停实施相关措施后，中方也将相应暂停实施针对美方的反制措施一年。双方还就芬太尼禁毒合作、扩大农产品贸易、相关企业个案处理等问题达成共识。双方进一步确认了马德里经贸磋商成果，美方在投资等领域作出积极承诺，中方将与美方妥善解决TikTok相关问题。外汇交易员 (@myfxtrader):特朗普：这是一份为期一年的协议，到期可能会延长。对华关税将从57%下调47%。明年4月将会访问中国，之后习近平再访问美国。我将与习近平在乌克兰问题上合作，争取有所作为。 ...

Group 1: Trade Deals and Market Reactions - President Trump announced a nearly finalized trade deal with South Korea, involving $350 billion in investments, including $200 billion in direct cash and $150 billion for the U.S. shipbuilding industry in exchange for lower tariffs [2][3] - The South Korean won appreciated by 0.54% against the dollar, and Seoul's Kospi index rose by 1.2% on October 29, with further gains exceeding 1% on October 30, reflecting market relief and optimism [3] - Chinese stocks surged to a decade high, and the yuan reached a near one-year peak against the dollar on October 30, driven by hopes of easing trade tensions [6] Group 2: Market Volatility and Economic Indicators - The Dow dropped 1.9%, the S&P 500 fell 2.7%, and the Nasdaq declined 3.5% on October 10-11 due to Trump's threats of new tariffs on Chinese imports, indicating the market's sensitivity to trade rhetoric [7] - Despite the volatility caused by tariffs, major indexes continued to hit fresh highs, suggesting resilience in the economy [7] - The International Monetary Fund raised its GDP growth forecast for 2025 to 3.2% from 2.8%, reflecting a degree of optimism despite earlier tariff concerns [13] Group 3: Company-Specific Impacts - Boeing faced potential export controls on parts to China, which could jeopardize a significant 500-aircraft contract, highlighting the direct impact of trade tensions on specific companies [9] - Boeing reported an expected loss of $0.51 per share for Q3 2025, yet its shares gained over 24% year-to-date, indicating market confidence despite operational challenges [9] Group 4: Emerging Ventures and Market Sentiment - Trump Media & Technology Group announced plans for "Truth Predict," a prediction markets platform, which led to a 6% increase in DJT stock in premarket trading on October 28 [10][11] - The stock closed at $15.98 on October 29, with a notable increase in call options, reflecting investor enthusiasm driven by Trump's popularity rather than traditional financial metrics [11]

Trade Relations - US President Trump hails "amazing" meeting with Chinese President Xi [1] - US to halve tariffs on fentanyl from China [1] - China will pause rare earth controls [1]

Robert Lighthizer, the architect of Trump’s trade war in his first term, called on the US to maintain “substantial” tariffs on China, even as the world’s two biggest economies appear to have a deal that includes a rollback of some duties https://t.co/zF3kVUSk7v ...

US President Donald Trump said he had an “amazing meeting” with Chinese President Xi Jinping and would reduce fentanyl tariffs from 20% to 10% effective immediately https://t.co/uzeWzXVnJX ...

Trade & Tariff Discussions - The meeting between President Trump and President Xi Jinping aimed to address trade issues, including tariffs, with a looming November 10th deadline for a trade deal [1][2] - The US has approximately 55% tariffs on Chinese goods, while China's retaliation is around 10% [40] - The US President had threatened 100% extra tariffs but seemed to have backed off [6][14][45] - Potential outcomes include lowering existing tariffs or refraining from imposing new ones, which could positively impact world markets [41][44] Key Issues on the Agenda - Discussions included tariffs, fighting fentanyl, and access to rare earth minerals [1][6][44][49][50] - The US President blamed China for large amounts of fentanyl entering the US, while China denied involvement [6] - Taiwan's independence was a topic of concern, with worries about the US potentially shifting its position [7][8][9] - The formalization of the TikTok deal and China buying soybeans from American farmers were also potential discussion points [35][36] Geopolitical & Military Posturing - The US President announced the possibility of allowing South Korea to pursue nuclear submarines [14][24][56] - The US President stated that the US has more nuclear weapons than any other country and instructed the Department of War to start testing nuclear weapons [11][12][13][48][55] Market & Economic Implications - The markets are at record highs and priced for perfection, so stability in the US-China relationship is crucial [52][53][54] - Potential for market disappointment if the meeting doesn't yield positive outcomes [54] - A trade deal with South Korea involves approximately $350 billion in investment in the United States [28]

I'm here in Kungju, South Korea with the president on his trip to Asia. And we're witnessing a really interesting Trump tactic in the works. The president is quite literally threatening tariffs in order to not just broker money deals, but broker peace deals.It's like his own game he's learned of international deal making. Move the goalpost so that he can notch a win on his own terms. Sometimes creating the goalposts out of thin air.For example, in his apex speech, Trump said that he threatened cutting off t ...

Core Points - A coalition of over 700 small and medium-sized businesses has filed a brief against President Trump's tariffs, highlighting the negative economic impacts on American companies [2][3] - The coalition equates the current tariff challenges to the Covid-19 crisis, referring to it as a "Trademic" that threatens the survival of small and micro businesses [4] - The IEEPA Tariffs are described as imposed without legal authority and public participation, posing an existential threat to American businesses [4][5] Economic Impact - The coalition's brief includes testimonials from businesses reporting significant financial losses due to the tariffs, leading to job cuts, higher prices, and stalled expansion [3] - The tariffs are said to jeopardize the role of American businesses in the global supply chain, affecting importers, manufacturers, and exporters [5] Case Study - Deer Stags Concepts, Inc., a small footwear business, reported operational disruptions due to tariff increases on products sourced from China, leading to halted shipments and significant lost sales [6][7]

JUST IN: 🇺🇸🇰🇷 South Korea agrees to pay $350 billion to the US to lower tariffs. ...