Trump and Xi reached agreement at the APEC summit in Busan. U.S. tariffs on Chinese goods fall from 57% to 47%. Fentanyl precursors drop from 20% to 10%. The pact delays 100% U.S. increases and Chinese retaliatory bans. Both sides avoid escalation seen in prior trade wars. China's CommitmentsBeijing pledges tougher fentanyl enforcement, targeting precursor chemicals. It restarts soybean purchases from the U.S., boosting American farmers. Rare earth shipments proceed without restrictions, securing supplies for tech and defense. These address core American concerns on drugs, agriculture, and critical resources. Market CautionTraders hold back despite the thaw. The deal coincides with Federal Reserve rate reductions and quantitative tightening phase-out. Inflation softens as trade barriers ease. Liquidity flows to risk assets, including stocks and commodities. Analysts note muted initial reactions in equity indices. Crypto OutlookDollar weakens on eased tensions, supporting commodity-linked assets. Supply chains gain stability, reducing costs for electronics and manufacturing. Institutional capital targets Bitcoin and Ethereum amid lower volatility. Geopolitical pressures fade. China's CommitmentsBeijing pledges tougher fentanyl enforcement, targeting precursor chemicals. It restarts soybean purchases from the U.S., boosting American farmers. Rare earth shipments proceed without restrictions, securing supplies for tech and defense. These address core American concerns on drugs, agriculture, and critical resources. Market CautionTraders hold back despite the thaw. The deal coincides with Federal Reserve rate reductions and quantitative tightening phase-out. Inflation softens as trade barriers ease. Liquidity flows to risk assets, including stocks and commodities. Analysts note muted initial reactions in equity indices. Crypto OutlookDollar weakens on eased tensions, supporting commodity-linked assets. Supply chains gain stability, reducing costs for electronics and manufacturing. Institutional capital targets Bitcoin and Ethereum amid lower volatility. Geopolitical pressures fade. Beijing pledges tougher fentanyl enforcement, targeting precursor chemicals. It restarts soybean purchases from the U.S., boosting American farmers. Rare earth shipments proceed without restrictions, securing supplies for tech and defense. These address core American concerns on drugs, agriculture, and critical resources. Market CautionTraders hold back despite the thaw. The deal coincides with Federal Reserve rate reductions and quantitative tightening phase-out. Inflation softens as trade barriers ease. Liquidity flows to risk assets, including stocks and commodities. Analysts note muted initial reactions in equity indices. Crypto OutlookDollar weakens on eased tensions, supporting commodity-linked assets. Supply chains gain stability, reducing costs for electronics and manufacturing. Institutional capital targets Bitcoin and Ethereum amid lower volatility. Geopolitical pressures fade. Market CautionTraders hold back despite the thaw. The deal coincides with Federal Reserve rate reductions and quantitative tightening phase-out. Inflation softens as trade barriers ease. Liquidity flows to risk assets, including stocks and commodities. Analysts note muted initial reactions in equity indices. Crypto OutlookDollar weakens on eased tensions, supporting commodity-linked assets. Supply chains gain stability, reducing costs for electronics and manufacturing. Institutional capital targets Bitcoin and Ethereum amid lower volatility. Geopolitical pressures fade. Traders hold back despite the thaw. The deal coincides with Federal Reserve rate reductions and quantitative tightening phase-out. Inflation softens as trade barriers ease. Liquidity flows to risk assets, including stocks and commodities. Analysts note muted initial reactions in equity indices. Crypto OutlookDollar weakens on eased tensions, supporting commodity-linked assets. Supply chains gain stability, reducing costs for electronics and manufacturing. Institutional capital targets Bitcoin and Ethereum amid lower volatility. Geopolitical pressures fade. Crypto OutlookDollar weakens on eased tensions, supporting commodity-linked assets. Supply chains gain stability, reducing costs for electronics and manufacturing. Institutional capital targets Bitcoin and Ethereum amid lower volatility. Geopolitical pressures fade. Dollar weakens on eased tensions, supporting commodity-linked assets. Supply chains gain stability, reducing costs for electronics and manufacturing. Institutional capital targets Bitcoin and Ethereum amid lower volatility. Geopolitical pressures fade.