Trump-Xi talks ended without signing agreements, but markets expect them to be concluded soon

was accompanied by Treasury Secretary Scott Bessant, Secretary of State Marco Rubio, Commerce Secretary Howard Lutnick, White House Chief of Staff Susie Wiles, and U.S. Trade Representative Jamison Greer. The parties discussed a number of issues, including the supply of rare earth elements and chips, the issue of fentanyl and the purchase of soybeans, restrictions on nuclear weapons, the abolition of some tariffs and confirmation of the “one China” policy, as well as a reduction in energy imports from the Russian Federation in order to force the aggressor to stop the war against Ukraine. Markets expected that Trump would be able to agree at least on increasing China’s purchases of American soybeans, but the PRC wants to sign a comprehensive trade agreement with the abolition of tariffs on Chinese goods. President Trump said ahead of the meeting that Washington and Beijing would have a “fantastic relationship” in the long term. In turn, Xi Jinping reported that negotiators from ...