Yesterday was day 35 of the government shutdown, tying it for the longest ever.
Source: Ryan Detrick
BREAKING 🚨 Trump–Xi Meeting: Big Moves, Bigger Signals
Fresh headlines from the Trump–Xi summit 👇 🇺🇸🤝🇨🇳 Key outcomes: - US & China will collaborate on Ukraine. - Trump to visit China (April 2026) — Xi to visit the US soon. - China to restart soybean purchases and resume rare earth exports. - Ongoing talks on Nvidia chip restrictions. - Tariffs cut: overall from 57% → 47%. - Fentanyl tariffs slashed to 10%, with a joint pledge to curb its spread. 💬 Takeaway: this marks a real thaw in U.S.–China relations — trade, tech, and geopolitics could all shift from confrontation → cautious cooperation.
🚨 Major Breakthrough in U.S.–China Trade Talks! 🚨
Over the weekend, Chinese and U.S. economic officials reached a framework deal set for final approval by President Donald Trump and President Xi Jinping — and it’s a big one. Here’s what’s on the table 👇 ✅ Pause on steeper U.S. tariffs that were set to hit Chinese imports. ✅ China delays its rare earth export controls for a year while it reconsiders policy. ✅ U.S. soybean sales to China resume — a major win for American farmers. U.S. Treasury Secretary Scott Bessent said the talks — held on the sidelines of the ASEAN Summit in Kuala Lumpur — effectively defused the threat of Trump’s 100% tariffs slated for November 1. This could mark a critical de-escalation in one of the world’s most consequential trade tensions. 🌏 📊 If finalized, this deal could reshape global supply chains, stabilize markets, and give both sides breathing room to rebuild trust.
$500 billion dollars of annual trade is being paused because of a $75,000 commercial?
Source: Spencer Hakimian @SpencerHakimian
Senate Democrats on Monday rejected a GOP-led stopgap funding bill for the 11th time as the shutdown heads into its fourth week.
Senators voted 50-43 on the House-passed bill, which would fund the government through Nov. 21. Democratic Sen. Catherine Cortez Masto of Nevada and Independent Sen. Angus King of Maine were the only senators who broke rank to vote to advance the bill. Sen. John Fetterman (D-Penn.) did not vote. Senator Josh Hawley: "Since Democrats refuse to fund the government, I'm introducing legislation to reinstate SNAP benefits immediately. Source: Politico
Sanae Takaichi on Tuesday created history, winning Japan’s parliamentary vote to become the country’s first woman prime minister, with domestic stock markets cheering her ascendancy.
Takaichi garnered 237 votes in the first round of voting, negating the need for a runoff vote in the 465-seat Lower House, according to public broadcaster NHK. Her victory comes after the ruling Liberal Democratic Party allied with the Japan Innovation Party and reportedly signed an agreement over the weekend to form a coalition government. Takaichi agreed to back JIP policies such as a reduction in parliamentary seats, free high school education and a two-year pause on food consumption tax, according to Reuters. Source: CNBC
Sudden burst of optimism that government shutdown will be resolved in next few days (Polymarket)
Source: zerohedge
For now, China–U.S. trade tensions continue to escalate ahead of the scheduled October 29 meeting between President Trump and President Xi.
Source : Financial Times
