Trump Predicts Trade Deal at Xi Meeting

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Transcript

00:00Trump did mention in this interview about specific items, I think, that he wants to discuss

00:05with Xi Jinping, everything from rare earths, fentanyl, soybeans, and Taiwan as the top issues

00:12that he wants to deal with when it comes to Beijing. And he's expressing optimism about

00:15a trade deal coming out of his meeting next week when he talks about this impending meeting

00:20with Xi Jinping. I expect we'll probably work out a very fair deal with President Xi of China.

00:28So most of you will be with us. It's going to be very exciting. And I think we're going to work

00:33out something that's good for both countries. And so, you know, the chances of a trade deal or

00:43some kind of big grand bargain is certainly one thing that we're tracking. I think you take a

00:47look at some of the betting markets like Polymarket. You know, I think those odds have come down

00:50just a little bit, just given what he's listed are pretty, pretty controversial topics and

00:56sensitive topics too. Yeah, I think fentanyl is sort of seen as one of the ways that you could

01:00strike a bargain. Of course, the push from the U.S. is that they want to limit some of the key

01:06chemicals that are used, for instance, in the manufacturing of fentanyl. China, though, will

01:10say this is an issue that the U.S. also needs to deal with domestically. But fentanyl kind of stands

01:15out. Soybeans, of course, this is a big pressure point because China was buying up until last year.

01:20They've completely pulled back this year. And of course, soybean farms in the U.S. are also

01:27affected by the U.S. government shutdown. They stopped from getting aid right now.

01:31Right. And I think for now, at least, you are starting to hear that at least both sides really

01:35are willing to talk. Right. I think that's enough for markets where you start to see,

01:38you know, records really hit. Right. Whether it was Korea, whether it was Japan, even India is

01:43getting close to those near record highs here. Taiwan, you know, just coming online back again,

01:47also hit a record. So this everything rally seems to have a bit more momentum. And now people are

01:52saying, look, maybe this is the start of that sort of Santa Claus rally now for risk assets.