Squawk Pod 5 Things to Know Before the Opening Bell 10/27/2025
Oct 27, 2025
Expectations are high for a Trump-Xi deal to avoid hefty tariffs on Chinese goods. ByteDance is nearing a divestiture of TikTok's U.S. operations, potentially ensuring the app's future. Meanwhile, China's industrial profits have surged, thanks to government policies that fight price wars. In labor news, Boeing defense workers in St. Louis are striking after rejecting a contract proposal. And, in urgent weather updates, Hurricane Melissa has escalated to a Category 5 storm with dangerous winds.
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US-China Deal Likely To Avert 100% Tariff
- Treasury Secretary Scott Bessent expects President Trump and China's Xi to reach a deal to avert a 100% tariff and finalize a ByteDance divestiture for TikTok U.S. operations.
- The developments reflect high-level diplomacy aimed at preventing sweeping trade restrictions while preserving TikTok's U.S. presence.
TikTok Divestiture Nears Completion
- Bessent also expects a finalized deal for ByteDance to divest TikTok's U.S. operations to keep the platform running here.
- That outcome would preserve TikTok's U.S. market access while addressing national security and political concerns.
China's Industrial Profits Surge
- China's industrial profits surged 21.6% in September year-over-year, driven by Beijing policies curbing price wars.
- The policy-driven profit rebound signals stabilizing corporate margins amid government intervention.