Tidbits, US-China Meeting, Q&A: Spreads, Interest Rate, Fertilizer Downturn, Ethanol 10/30/25
- Wright team
- 4 minutes ago
- 4 min read
Tidbits
The meeting between Trump and Xi Jinping lasted approximately 1 hour and 40 minutes. At the start of the talks, Trump stated that Beijing and Washington had already reached agreement on many issues and would continue this work during the summit. Following the talks, Trump headed straight to his special plane without making a joint statement.
Trump’s comments on board Air Force One were the first we got on how these talks progressed. There has been no official statement yet. In typical upbeat fashion, Trump said that on a scale of 1 to 10, the meeting with Xi was a 12 and that many amazing decisions were made.
In terms of specifics, he said that the Chinese purchase of soybeans will resume immediately. Trump also said Xi said he would work very hard to try and stop the export of precursor chemicals for Fentanyl to the USA. And in return for all of this, Trump said the general tariffs set on Chinese goods will be reduced from the current 57% to 47%. Also, the two have agreed to carry on talks and visits.
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