Indonesia and the United States are set to restart negotiations over a reciprocal tariff deal in November after a delay caused by the recent US government shutdown.

Despite US tariffs, Indian exporters have found new markets. UAE, Viet Nam, and Belgium have welcomed Indian goods, boosting exports.

China will effectively suspend implementation of additional export controls on rare earth metals and terminate investigations targeting US companies in the semiconductor supply chain, the White House announced.

US President Donald Trump said on Thursday he had agreed with President Xi Jinping to trim tariffs on China in exchange for Beijing cracking down on the illicit fentanyl trade, resuming US soybean purchases and keeping rare earths exports flowing.

Speaking to reporters at a press gaggle on Air Force One early yesterday, U.S. President Donald Trump directly addressed tariffs on coffee for the first time, saying, “We want to get coffee down a little bit.”

US Treasury Secretary Scott Bessent said on Thursday that China has agreed to buy 12 million metric tonnes of American soybeans during the current season through January and has committed to buying 25 million tonnes annually for the next three years as part of a larger trade agreement with Beijing.

With 0% tariffs, Vietnamese goods will become more competitive in the US market. At the same time, Viet Nam will emerge as a more attractive and stable destination for investors seeking to diversify supply chains.

The leaders signed documents, including an agreement on important minerals, at Akasaka Palace in Tokyo.

The meeting between the US and Chinese leaders could determine the future of the protracted trade war, which has had a major impact on commodity prices and global supply chains.

The European Union and China will hold talks this week to address trade disputes as Beijing’s restrictions on exports of key minerals and chips risk disrupting Europe’s auto industry.