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The Latest Breaking News from China

Trump goes back to the future with China deal

We've been here before.

Axios

Trump And Xi Found A Trade Truce—But Wall Street Wanted More

Markets barely flinched after President Donald Trump's high-profile meeting with Chinese leader Xi Jinping in South Korea, as investors found little substance in the much-hyped U.S.-China trade truce that largely echoed prior leaks and delivered few surprises.

Benzinga

Crude Prices Supported by Energy Demand Optimism

December WTI crude oil (CLZ25 ) on Thursday closed up +0.09 (+0.15%), and December RBOB gasoline (RBZ25 ) closed up +0.0019 (+0.10%). Crude oil and gasoline prices posted modest gains on Thursday. An easing of US-China trade tensions is supportive for economic growth prospects and energy demand after President Trump...

Barchart

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Deal between the US and China is undoing damage from a self-inflicted trade war

After months of posturing, arguing and threatening, U.S. President Donald Trump and Chinese leader Xi Jinping have essentially turned back the clock

The Independent UK

China's rare earth export delay offers US a chance to weaken Beijing's grip on the market

China’s promise to delay its newest restrictions on the export of the rare earths that are crucial to many high-tech products for one year as part of a trade agreement creates an opportunity for the U.S. and its allies

The Independent UK

Trade takeaways from Trump's meeting with Chinese leader Xi

U.S. President Donald Trump says he had an “amazing” meeting with China's top leader Xi Jinping that produced very important decisions

The Independent UK

The Guardian view on Trump and China: stepping back from the brink, but not solving problems

Editorial: Though the US president’s meeting with Xi Jinping appears to have staved off a global trade war, this is far from a win for Washington

The Guardian - UK

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Mushroom clouds over Vegas? What Trump’s nuclear weapons tests could mean for America and the world

Trump’s command risks a global arms race while the Doomsday clock ticks closer than ever to midnight, experts say

The Independent UK

Britain would do well to remember where its power over China lies

It’s ridiculous for the government to splurge on defence while it slashes spending on its most valuable asset: culture, says Guardian columnist Simon Jenkins

The Guardian - UK

Cotton Reverting Lower on Thursday

Cotton futures are trading with midday losses of 65 to 76 points across most contracts at midday. Crude oil futures were up 19 cents/barrel to $60.69, with the US dollar index back up $0.298 to $99.320. Following the meeting between President Trump and President Xi of China, President Trump posted...

Barchart

Soybeans Settling in Double Digits Higher at Midday

Soybeans have had a back and forth session centered around the China/US meeting on Wednesday night, as the front three contracts have a 40 cent or more range on the session. Contracts are up 10 to 14 cents in the nearbys at midday. The cmdtyView national average Cash Bean price...

Barchart

Corn Slipping Weaker on Thursday

Corn futures are pulling off the early session lows with contracts up 1 to 2 cents at midday. The CmdtyView national average Cash Corn price is down 1 3/4 cents to $3.93 3/4. Following the meeting between President Trump and President Xi of China, President Trump pisted that China is...

Barchart

What will Trump’s deal with Xi mean for the US economy and relations with China? Expert Q&A

It was 12 out of ten, said US president Donald Trump when reporting back on his meeting with his Chinese counterpart Xi Jinping. The two men met in the South Korean city of Busan on October 30, the first time they have come together face to face since 2019.

The Conversation

Trump-Xi talks will not have changed the priorities of the Chinese government

China’s president, Xi Jinping, has met with his American counterpart, Donald Trump, for their first face-to-face talks in six years. Trump emerged from the meeting in South Korea in a buoyant mood, describing it as a 12 on a scale of one to ten. He is now saying the US…

The Conversation

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Benzinga

The Only 3 Rare-Earth Trades To Make Today

Rare earth stocks are back in the spotlight… and not just because of the latest round of U.S.-China saber-rattling and a trade “deal” that disappointed investors.

The Independent UK

American farmers welcome China's promise to buy their soybean but this deal doesn't solve everything

American farmers welcomed China’s promise to buy some of their soybeans, but Iowa farmer Robb Ewoldt cautioned this won’t solve all the problems as farmers continue to deal with soaring prices for fertilizer, tractors, repair parts and seeds

International Business Times

Trump and Xi Agree to Surprise One-Year Trade Truce in Bid to De-escalate U.S.–China Clash

In a surprise breakthrough, U.S. President Donald Trump and Chinese President Xi Jinping have agreed to a one-year trade truce, easing years of economic confrontation between the world's two largest economies.

Tom’s Hardware

Police bust chip counterfeiting outfit in China, fakes may have made it into PC hardware — GPUs, motherboards, and power supplies potentially impacted by fake Infineon and TI power chips

Shenzhen authorities have dismantled a counterfeit chip operation that allegedly sold reclaimed and rebranded integrated circuits as premium imports from Infineon and others.

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The Guardian - US

Seth Meyers on Trump’s South Korea visit: ‘Getting the royal treatment he so desperately craves’

Late-night hosts discussed Seoul’s gift of a golden crown to Trump and an escaped-monkey situation in Mississippi

Barchart

Crude Prices Push Higher as Global Growth Prospects Improve

December WTI crude oil (CLZ25) today is up +0.11 (+0.18%), and December RBOB gasoline (RBZ25) is up +0.0008 (+0.04%). Crude oil and gasoline prices are slightly higher today. An easing of US-China trade tensions is supportive for economic growth prospects and energy demand after President Trump and President Xi Jinping...

Barchart

Stock Indexes Slip on Weakness in Megacap Technology Stocks

The S&P 500 Index ($SPX ) (SPY ) today is down -0.42%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.60%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.95%. December E-mini S&P futures (ESZ25 ) are down -0.38%, and December E-mini Nasdaq futures...

Space

China reveals crew for Shenzhou 21 mission to Tiangong Space Station, including nation's youngest astronaut (video)

China unveiled the crew set to launch on the Shenzhou 21 mission to the Tiangong Space Station on Oct. 31, including the youngest member of its astronaut corps.

The Independent UK

China agrees to purchase 25 million metric tons of U.S. soybeans annually, treasury secretary says

Treasury Secretary Scott Bessent says China has agreed to purchase 25 million metric tons of U.S. soybeans annually as part of an agreement reached by its leaders

The Guardian - UK

First Thing: Trump says rare earths deal and tariff cut agreed with China

Overall US tariffs on Chinese goods will be lowered to 47% after talks. Plus: the far right loses support in Dutch election

The Guardian - UK

Xi-Trump meeting: America has discovered that bullies can be bullied back

Outcome appears closer to truce than durable peace but outline of broader diplomatic relationship is visible

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