- Trump and China’s Xi were able to discuss big picture issues
- Mood in room between Xi and Trump was one of great respect
- Trump agreed to cut fentanyl tariff on China in half
- China committed to reducing precursor flow on fentanyl
There’s nothing new here as we got lots of previews from Bessent and Trump before the actual Trump-Xi meeting. If you’ve been wondering why the markets didn’t react to the positive Trump’s remarks, it’s because everything was already priced in before the actual event.
This article was written by Giuseppe Dellamotta at investinglive.com.