“I have absolutely no idea whatsoever because at the moment, nobody really understands what they’re arguing about.” – 03:06
Patrick L. Young, Chairman and Founder of Exchange Invest, joins Remy Blaire to discuss the current state of international trade relations, particularly focusing on the recent meeting between U.S. President Donald Trump and Chinese President Xi Jinping in South Korea.
As we enter November 2025, the atmosphere between the U.S. and China appears to be more positive than it has been all year, with both leaders agreeing to a one-year trade truce. This truce includes China committing to purchase soybeans from U.S. farmers and lifting export restrictions on rare earths, while the U.S. has reduced tariffs on Chinese goods from 57% to 47%.
Patrick share his insights on the significance of the trade truce, expressing some disappointment regarding the soybean export numbers, which he feels are not as substantial as they could be. He raises questions about whether China is merely placating Trump with this deal, especially in light of the larger context of rare earths and their importance in the tech industry.