A lot of decisions were madeWill be providing conclusions on very important thingsPurchases of soybeans will begin immediatelyAgreed for China to work very hard in stopping fentanyl problemAlso agreed to reduce (fentanyl tariffs)Tariffs on China will be down from 57% to 47%But I wouldn’t say everything was discussedWe did discuss chips, they will be talking to Nvidia and others about taking chipsBut not talking about Nvidia’s Blackwell chipsAll the rare earth issue has been settled, no more roadblocks on rare earthsChina will keep exports of rare earths flowing (US official)
US futures have gone back up on the early remarks here, paring the slight losses moments after the meeting conclusion earlier. S&P 500 futures are back up by 0.1%. On the remarks above, they are on the optimistic side but we’ll have to see on the details. As for the tone, they aren’t as bullish as how Trump would typically sell his “victories”. That especially when he feels the need to mention that “not everything was discussed”.
This article was written by Justin Low at investinglive.com.