US-China trade deal marks the biggest de-escalation yet for global markets
A major US-China trade deal de-escalates tensions, featuring Chinese commitments on minerals and fentanyl precursors, and US tariff reductions.Summary
President Donald Trump secured a significant trade deal with Chinese President Xi Jinping, marking the largest de-escalation of tensions between the two economies. Key Chinese commitments include suspending new export controls on rare earths and critical minerals, halting fentanyl precursor flow to the US, and removing all retaliatory tariffs implemented since March 4, 2025. In return, the US will reduce tariffs on Chinese imports by 10% starting November 10, 2025, and extend Section 301 tariff exclusions. The agreement also mandates China purchase at least 12 million metric tons of US soybeans by year-end, increasing annually through 2028. This landmark arrangement is expected to benefit US agriculture, semiconductor manufacturing, and critical minerals production, potentially boosting risk assets like equities and digital assets due to renewed stability and reduced supply chain uncertainty.
(Source：CryptoSlate)