Trump-Xi Trade Encore: Soybeans, Rare Earths & Déjà Tariff!
In a jaw-dropping repeat of global déjà vu, President Trump and Xi Jinping resurrected a trade deal so familiar it's like a hit sitcom on endless reruns. Announced early October 30, 2025, this new-old pact promises the same soap opera plot: soybeans get traded, rare earths grudgingly flow, and tariffs stubbornly linger like that one relative who never leaves. Investors cheered farmers finally moving soybeans off their shelves, but Wall Street insists real progress demands killing a 47% Chinese export tariff that’s tormenting businesses and price tags alike. Despite grand promises, this one-year truce looks as fragile as the last three-month peace offer—leaving the world's battery-powered gadgets and military tech on edge for sequels in supply chain drama.
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Trump and Xi just dropped another 'historic' trade reboot featuring soybeans, rare earths, and tariffs doing the worm on both economies. Spoiler: It's every season of 'Trade War: The Neverending Story' rolled into one spicy bumper crop.
History fans rejoice: Trump and Xi made a new deal nobody expects to last past a season finale. Rare earths, soybeans, and 47% tariffs—like a toddler with a loaded toy, nothing good can come of this standoff.
China's rare earth supply just got a one-year reprieve, which means grab your popcorn—the trade war sequel is greenlit, and everyone’s stuck in the same plotline since 2019, with fewer laughs and more tariffs.
Source: Axios | Published: 10/30/2025 | Author: Ben Berkowitz
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