Bloomberg News Now October 27, 2025: US-Japan Sign Rare Earths Deal, Trump-Xi Talks Look Ahead, More
Oct 28, 2025
The conversation highlights a significant rare earths deal between the U.S. and Japan, showcasing pivotal defense and trade alignments. Anticipation builds for the upcoming Trump-Xi meeting, with experts weighing in on potential outcomes amid ongoing tensions. Market responses to U.S.-China trade optimism are noted, while Amazon faces substantial layoffs due to pandemic overhiring. Additionally, the political stalemate over government funding impacts various sectors, stressing the consequences for federal workers and public services.
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U.S.-Japan Deal Is Largely Framework
- The U.S. and Japan signed trade and critical-minerals documents that lack concrete details.
- The critical-minerals pact focuses on coordinating permitting, financing and mapping rather than immediate supply commitments.
Trump-Xi Talks May Yield Limited Wins
- A Trump-Xi meeting at APEC could yield limited, specific commitments across several issues.
- Nicholas Burns warns broad U.S.-China trade tensions will likely persist despite any progress at the summit.
Market Gains Reflect A Reset, Not New Deals
- Optimism over a U.S.-China trade reset boosted equities to record highs.
- Elizabeth Economy cautions most moves simply restore pre-tension trade levels rather than create new deals.