China’s exports of rare-earth products edge lower in October from a month earlier, as Beijing and Washington continue to hash out details of supply arrangements under their trade truce https://t.co/87cQxRyKZd ...

China bought nearly a million tons of US soybeans, breaking an apparent pause, in a fresh signal that Beijing remains committed to its trade truce with Washington https://t.co/EAR2g0f7uD ...

China suspended its sweeping controls on its exports of rare earths and other critical materials until November 2026 as part of its trade truce with the US https://t.co/GweM4ujWjM ...

Trade Relations - The report discusses the stability of the America-China trade truce [1] - The report is featured on "Drum Tower" [1]

China is seeking to buy US wheat for the first time in a year, after the two nations reached a trade truce https://t.co/jL50F2kJ1v ...

China agreed to allow US-bound exports of three critical metals including gallium as part of its trade truce, according to a White House statement, pointing to the removal of bans on such shipments https://t.co/oMwBwrRiJx ...

Core Insights - The year 2025 has been marked by significant market volatility driven by President Trump's economic policies, particularly regarding tariffs and trade negotiations [1][14] - The U.S. stock market experienced a dramatic decline following the announcement of new tariffs, leading to the largest two-day loss in market history [2][3] - Despite initial shocks, the market rebounded sharply after a temporary pause in tariff increases, showcasing its resilience [4][12] Market Reactions to Tariffs - On April 2, 2025, President Trump announced sweeping tariffs, resulting in a global stock market crash and erasing $6.6 trillion in value over two days [2][3] - The Nasdaq Composite fell by 1,600 points, the S&P 500 dropped 4.84%, and the Dow Jones Industrial Average decreased by 1,679 points [3] - Following China's retaliatory tariffs, the Dow Jones fell another 2,231 points, but a subsequent pause in tariff increases led to a significant market rally [4] Trade Negotiations and Agreements - On October 30, 2025, President Trump and Chinese President Xi Jinping reached an agreement to lower tariffs on Chinese imports from 57% to 47%, which initially caused mixed reactions in the market [5][6] - Earlier in the year, tariffs on Chinese imports were reduced from 145% to 30%, leading to a rally in stocks [6] - The pattern of brinkmanship followed by last-minute agreements has characterized the trade landscape throughout 2025 [5][6] Corporate Performance and Market Resilience - As of October 31, 2025, the S&P 500 had a year-to-date return of 16.3%, with the Nasdaq Composite gaining 22.9% [12] - Strong corporate earnings, particularly from tech giants like Amazon, contributed to market buoyancy, despite mixed results from other tech stocks [12][13] - The market has shown resilience in the face of policy uncertainty, adapting to both presidential announcements and corporate performance [12][14] Analyst Perspectives - Analysts have noted that while Trump's economic agenda is generally market-friendly, it carries inherent risks related to tariffs and trade policies [10][11] - Goldman Sachs raised its S&P 500 outlook to 6,900, citing factors like Fed rate easing, despite concerns over the impact of tariffs on growth [10] - The recent trade truce with China was viewed as a de-escalation rather than a significant step forward, indicating ongoing challenges in trade relations [11]

Gold consolidated gains from a day earlier, holding above $4,000 an ounce as traders weighed a US-China trade truce that failed to quash concerns about long-term competition between the world’s two largest economies https://t.co/VaRII7b5zL ...

US President Donald Trump said China would purchase more US energy as part of a wider trade truce, and hinted at an unspecified “very large scale” transaction involving Alaskan oil and gas https://t.co/EO0610iTrq ...

Donald Trump is betting on charm and magnetism to win the day when he sees his Chinese counterpart, Xi Jinping, in South Korea this week. But any deal announced is very probably a truce—not a treaty https://t.co/Kmyd1StZyS ...