Trump, Xi to Discuss Trade, Soybeans in Beijing

In a discussion about the upcoming Trump-Xi summit in Beijing, Henrietta Tres, managing partner and director of economic policy at Veta Partners, expressed low expectations for significant progress. She highlighted the focus on agricultural issues, particularly soybeans, to bolster U.S. farmers ahead of midterm elections. Tres also mentioned the absence of U.S. Trade Representative Robert Lighthizer, suggesting it reinforced the agricultural focus. She briefly touched on the phase one deal and the need to reaffirm commitments on critical minerals and rare earths. The conversation then shifted to domestic politics, discussing a potential gas tax holiday and the appointment of Jerome Powell as Fed chair, with Tres expressing hope for a smooth transition.