Trump, Xi agree on rare earth, tariff relief deal
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 30 October 2025
⏱️ 6 minutes
🧾️ Download transcript
Summary
Episode transcripts seekingalpha.com/wsb.
Show links:
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:07.6 | Good morning. Thanks for joining us on this Thursday, October 30th. I'm Julie Morgan. |
| 0:14.1 | A new U.S.-China trade deal, a trillion-dollar IPO could be on the horizon horizon and another global tech outage. |
| 0:22.1 | The meeting between the two presidents Trump and Xi Jinping in South Korea lasted one |
| 0:27.7 | hour and 40 minutes. The Trump administration announced a one-year agreement with China, |
| 0:33.1 | covering rare earths and critical minerals, while also cutting fentanyl-related tariffs on Beijing |
| 0:38.9 | from 20 to 10 percent, effective immediately. Talking with reporters aboard Air Force One, |
| 0:45.9 | Trump described the meeting as amazing, saying a lot of decisions were made. He added that the |
| 0:51.5 | rare earth's deal will be reviewed and renegotiated annually and that |
| 0:55.7 | overall tariffs on Chinese exports will drop to 47 percent from 57 percent. In return, Beijing |
| 1:03.2 | will work very hard to stop fentanyl and resume purchases of American soybeans and other |
| 1:09.2 | agricultural products. Trump also said they discussed sales |
| 1:13.4 | of Nvidia chips to China and that it's up to Beijing to continue conversations with a $5 trillion |
| 1:19.5 | company about access to the world's largest semiconductor market. However, discussions Thursday did not |
| 1:26.2 | focus on sales to China of NVIDIA's latest |
| 1:29.3 | Blackwell accelerators. Trump also confirmed plans to visit China in April, with Xi expected to make |
| 1:36.5 | a return visit to the U.S. at a later date. We're diving deeper into this meeting between the two |
| 1:42.3 | countries and the Wall Street Breakfast newsletter, |
| 1:45.0 | a link to sign up for the newsletter is in the show notes section. |
| 1:49.5 | OpenAI is reportedly preparing for an initial public offering that could value the company |
| 1:54.6 | at as much as $1 trillion. Reuters reported citing people familiar with the matter that the company is considering filing |
| 2:02.5 | with securities regulators as soon as the second half of 2026, aiming to raise $60 billion |
... |
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