The US and China have made progress in trade talks, potentially paving the way for a major breakthrough. Here are the key points
- *Rare Earth Metals:* China may pause export restrictions on rare earth metals, addressing US concerns about supply chain stability.
- 🥇*Tariff Hike Freeze:* The US could halt planned 100% tariff increases on Chinese goods, reducing tensions and providing relief to businesses.
- *🥈Agricultural Boost:* American soybean and crop exports may surge, with China resuming substantial purchases of US soybeans.
- 🥉*Fentanyl Fight:* Joint efforts to tackle fentanyl trafficking could move forward, enhancing cooperation between the two nations.
The two nations are expected to sign a trade deal on October 30, during a meeting between Trump and Xi in South Korea. This potential agreement has already positively impacted markets, with Bitcoin surging to $113,829 and Asian stocks reaching a record peak
