US and China just cut a deal on $30 billion of goods. Tariffs coming down on toys, small appliances, holiday stuff, car seats. China drops tariffs on US ag products, seafood, wood, cosmetics, medical devices. Plus they'll buy 10 million metric tons of US coal over the next two years.
Rare earths still on the table.
This isn't a grand reset, but it's a practical step that should ease some consumer prices and help specific sectors. Watch how markets price in the follow-through—deals on paper don't always translate smoothly. But directionally, this is constructive for both economies and removes some friction.
Rare earths still on the table.
This isn't a grand reset, but it's a practical step that should ease some consumer prices and help specific sectors. Watch how markets price in the follow-through—deals on paper don't always translate smoothly. But directionally, this is constructive for both economies and removes some friction.