Tidbits, Tariffs & Deals, Call Options, Inflation Rates, FOB 10/27/25
- Wright team
- 13 minutes ago
- 5 min read
Tidbits
Tariffs: Yesterday, President Trump signed trade deals with Thailand, Malaysia, and Cambodia. Tariffs on most of their exports to the U.S. will remain at 19%. Thailand and Malaysia will increase exports of rare earth minerals to the U.S. while allowing increased access of U.S. products to all three countries' markets.
At the annual summit of the Association of Southeast Asian Nations, President Lula of Brazil and Trump talked for nearly an hour yesterday and indicated that they will seek an agreement on the tariff hike.
The big news yesterday was U.S. Treasury Secretary Scott Bessent announcing he has reached a "very substantial framework" with China’s Vice Premier He Lifeng that will avoid 100% U.S. tariffs on Chinese goods and achieve a deferral of China's rare earths export controls. Bessent said President Trump and Chinese President Xi Jinping will discuss further trade cooperation later this week. The potential deal will include more balanced U.S.-China trade, Chinese purchases of American soybeans and other agricultural products, and getting the U.S. fentanyl crisis under control.
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