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Trump and Xi Strike Tariff Deal Amid Mixed Market Reactions

10/31/2025

25 6

Summary

Story summary

U.S. President Donald Trump announced a deal with Chinese President Xi Jinping on tariffs and rare earth exports during his Asia tour.
The agreement reduces tariffs on Chinese imports in exchange for resuming U.S. soybean purchases.
Market reactions were mixed.
The Bank of Japan maintained interest rates, despite the yen weakening to an eight-month low.

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Story summary

U.S. President Donald Trump announced a deal with Chinese President Xi Jinping on tariffs and rare earth exports during his Asia tour.
The agreement reduces tariffs on Chinese imports in exchange for resuming U.S. soybean purchases.
Market reactions were mixed.
The Bank of Japan maintained interest rates, despite the yen weakening to an eight-month low.