RIP to bears on Monday
Any bears still alive ? Asking for a friend 😬 pic.twitter.com/tG0Z0GBRvK— Adam Khoo (@adamkhootrader) October 26, 2025
More details on the US-China “very successful framework”:
Bessent says Trump’s threat of 100% tariffs on China is now off the table
China expected to resume “substantial” US soybean purchases
Beijing to delay rare earth export controls by one year while it reexamines the plan pic.twitter.com/LLVq9surod
— Wall St Engine (@wallstengine) October 26, 2025
🚨 NEWS FLASH: China and US reach trade consensus after talks on tariffs, export controls, fentanyl, Section 301 fees. #China #US pic.twitter.com/FmbLvz4rrK
— Assemble AI (@Assemble_io) October 26, 2025
President Donald Trump and Chinese President Xi Jinping are expected to reach a deal to avert a new 100% U.S. tariff on Chinese goods and are likely to meet in person soon, Treasury Secretary Scott Bessent said following talks with Beijing’s top trade negotiator.
Bessent told NBC News’ “Meet the Press” moderator Kristen Welker in an interview Sunday that China was ready to make a deal “after two days of negotiations.”
A “framework” is ready for a meeting this week between Trump and Xi that is intended to avoid the harsher tariffs threatened by Trump starting Nov. 1 should Beijing move forward with plans to put restrictions on rare earth minerals, he said.
“I’m also anticipating that we will get some kind of a deferral on the rare earth export controls that the Chinese had discussed,” Bessent said.
MORE:
https://www.nbcnews.com/politics/rcna239822
The framework outlined by Bessent centers on averting 100% tariffs, resuming substantial US soybean exports to China, and delaying Beijing’s rare earth export controls for review. It does not reference semiconductors or NVIDIA chips. US restrictions on advanced chip exports to China persist independently of this trade outline.
Until tariffs are truly lifted, export bans are relaxed, and both sides stop weaponizing trade policy for political gain, this “consensus” is just a diplomatic placebo designed to make the world believe the two biggest economies are on good terms, when in truth, they’re locked in…
— 5BONACCI_TECH (@5bonacci_Tech) October 26, 2025
That’s huge — sounds like Washington and Beijing finally found some common ground after years of tariffs and tension. But “consensus” in diplomat-speak usually means “we agreed not to kill each other… yet.”
— NOBLE GADGETS (@noblegadgetz) October 26, 2025