Bloomberg Daybreak: US Edition Stocks Rise as US Nears China Trade Deal; Trump Says He Won't Resume Canada Talks
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Oct 27, 2025 
Brendan Murray, Bloomberg's Global Trade reporter, provides an insightful analysis of the recent U.S.-China trade negotiations. He discusses how negotiators reached a preliminary consensus on key issues like export controls and fentanyl, signaling a potential easing of tensions. Murray also emphasizes the shift in diplomatic language, reducing the risk of tariff escalation. He explores whether this development represents a full trade deal or simply a reset of relations, alongside the U.S. strategies involving Southeast Asian countries to limit tariffs.
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Watch Economic Moves As Talk Signals
- Expect policymakers to prioritize de-escalation when economic costs rise quickly.
- Watch for announced purchases or tariff concessions as signals that talks are succeeding.
Progress Toward A U.S.-China Truce
- U.S. and China negotiators signaled substantial progress on thorny issues like export controls, fentanyl and shipping levies.
- Markets interpret this as reduced risk of a protracted trade war and rallied on the news.
100% Tariff Threat Receding
- Treasury Secretary Scott Besson said the 100% tariff threat is "effectively off the table."
- He also expects China to resume substantial purchases of U.S. soybeans if talks hold.