๐ค TrumpโXi Meeting:
The meeting between Donald Trump and Xi Jinping ended on a positive note, yielding concrete results. Trump announced an immediate reduction of fentanyl tariffs from 20% to 10%, bringing the overall tariff level down to 47%.
๐จ๐ณ China agreed to purchase chips from Nvidia and other U.S. firms (but not Blackwell chips), and all issues concerning rare earth exports were resolvedโโโexports to the U.S. will continue without previous restrictions.
๐พ Beijing will also resume soybean imports, nearly frozen since April, and conditionally agreed to sell TikTok.
๐ฃ๏ธ Trump said many topics remain open but both sides committed to improving trade ties. Sensitive issues like Taiwan and Russian oil were not discussed. The new agreement will last one year with potential for extension, and Trump announced plans to visit China next April.
๐ Markets reacted positively after initial hesitation:
Overall, this signals a partial return to the status quo, with slight advantages for China and renewed optimism for global trade.
๐น Other key updates:
๐ฏ๐ต BoJ left rates unchanged, noting moderate growth and inflation near 2%. USD/JPY rebounded to around 153.
๐บ๐ธ Fed cut rates by 25 bps and will pause QT from December. Powell hinted at uncertainty ahead of the December meeting.
โข๏ธ Trump also announced the resumption of U.S. nuclear tests, citing similar moves by Russia and China.
๐ป Earnings highlights:
๐ช๐บ Todayโs focus: the ECB decision (no surprises expected) and earnings from Amazon and Apple after the session.
โจ Markets remain cautiously optimisticโโโtrade thaw, central bank shifts, and tech giants all setting the tone for Q4.
๐ Morning Market Update (30.10.2025) was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.


