Meet the Press Meet the Press NOW — October 29
Oct 29, 2025
Bonnie S. Glaser, Director of the China Power Project, shares her insights on the U.S.-China trade landscape amid President Trump's meeting with Xi Jinping. She details potential deal elements like tariffs, export controls, and agricultural purchases. The discussion also covers pressing concerns like the government shutdown's impact on federal assistance programs and the urgency surrounding Hurricane Melissa's devastating effects across the Caribbean. It's a compelling look at the intersection of international relations and domestic issues.
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Fed Cuts Amid Data Gaps
- The Fed cut rates again amid cooling labor signs and missing government data due to the shutdown.
- Jerome Powell said with data delayed, the Fed must "slow down" policy moves to avoid driving blind.
Slow Policy When Official Data Are Missing
- Use alternative private data when government statistics are unavailable during a shutdown.
- Policymakers should act cautiously and "slow down" decisions when official data are missing.
Wide Trade Agenda In Trump–Xi Meeting
- Trump and Xi's meeting could cover tariffs, rare earths, fentanyl and tech like TikTok and NVIDIA chips.
- White House aims for tariff reductions and broader trade purchases to ease tensions between the two economies.