📊 Trump and Xi Reduce Tariffs

Ryan Serkes
October 31, 2025

Hi everyone, here is your 📊 Daily Trade.

Here's what's happening today:

🤝 Trump and Xi reach trade agreement

📉 U.S. and China de-escalate trade tensions

🔋 Arkansas aims to lead U.S. lithium production

🌾 Farmers welcome China's soybean purchase promise

💰 $84 trillion wealth transfer fuels estate disputes

🎁 +5 more stories you might like

🤝 Trump and Xi Agree on Trade Terms to Ease Tensions Link

President Trump and President Xi reached an agreement to resume U.S. soybean sales to China.
The U.S. will reduce tariffs on Chinese goods, and China will delay rare-earth export restrictions.
Both leaders discussed the fentanyl crisis and potential chip purchases, but no long-term deals were finalized.

📉 U.S. and China Reduce Tariffs, Extend Trade Truce Link

The U.S. and China agreed to reduce tariffs on fentanyl-related goods and pause export controls on rare earths.
China committed to purchasing significant amounts of U.S. soybeans, aligning with previous levels.
The U.S. paused new export controls, while China agreed to cooperate on reducing fentanyl precursor flows.

🔋 Arkansas Aims to Become U.S. Lithium Leader Despite Challenges Link

Arkansas is positioning itself as a hub for U.S. lithium production, facing competition from China.
The state is betting on its industrial expertise and low electricity rates to attract investment.
Direct lithium extraction technology is key to tapping into Arkansas's vast lithium reserves.

🌾 China's Soybean Purchase Pledge Offers Hope to U.S. Farmers Link

China promised to buy 25 million metric tons of U.S. soybeans annually, returning to pre-trade war levels.
The deal opens opportunities for other U.S. agricultural exports as China removes retaliatory tariffs.
Farmers remain cautious as they face high input costs and await further government support.

💰 Wealth Transfer of $84 Trillion Sparks Estate Disputes Link

An estimated $84 trillion wealth transfer is expected to increase trust and estate disputes.
High-profile cases like Murdoch's succession deal highlight the complexity of modern estates.
Probate courts anticipate heavier caseloads and longer proceedings as legal battles rise.

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