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Summary:A phone call between President Trump and President Xi resulted in a positive conclusion regarding a recently agreed trade deal, including resolution of questions on Rare Earth products, upcoming team meetings with specified US representatives, and a reciprocal invitation for a state visit to China.
Sentiment:Diplomatic
Key Claims:
  • A very good phone call occurred with President Xi of China.
  • The call discussed intricacies of a recently made and agreed-to Trade Deal.
  • The call lasted approximately one and a half hours.
  • The call resulted in a very positive conclusion for both Countries.
  • There should no longer be any questions respecting the complexity of Rare Earth products.
  • Respective teams will be meeting shortly at a location to be determined.
  • The US team will be represented by Secretary of the Treasury Scott Bessent, Secretary of Commerce Howard Lutnick, and United States Trade Representative, Ambassador Jamieson Greer.
  • President Xi graciously invited the First Lady and President Trump to visit China.
  • President Trump reciprocated the invitation.
  • The conversation was focused almost entirely on TRADE.
  • Nothing was discussed concerning Russia/Ukraine, or Iran.
  • The Media will be informed as to the scheduling and location of the soon to be meeting.
Potential Market Impact (S&P 500):7/10
Potential Geopolitical Risk:1/10
Potential Global Cross-Asset Impact:7/10