MNI POLITICAL RISK - Trump And Xi Extend Trade Truce

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Executive summary:

• President Donald Trump will arrive in Washington, DC, at around 15:00 ET 19:00 GMT today, after wrapping up his three-country tour of Asia with a high-profile meeting with Chinese President Xi Jinping. In the late afternoon, Trump will attend a Halloween event at the White House. Vice President JD Vance will lead a White House roundtable this afternoon on the impact of the government shutdown on aviation. 
• Overnight, Trump and Xi held their first face-to-face meeting since 2019. The result was broadly in line with expectations, with the leaders agreeing on a one-year extension of the trade truce. Trump dropped his threat of an additional 100% on November 1 and agreed to lower the Fentanyl tariff on Chinese exports from 20% to 10%. In return, Xi promised to maintain the flow of rare earth minerals and ramp up purchases of US agricultural products, a major political issue for Trump in Republican farm states. We have a comprehensive round-up of the meeting inside.
• The Senate will recess for the weekend this afternoon without progress towards reopening the government. But, in the past few days, there have been signals that Republicans and Democrats are accelerating efforts to end the impasse as the November 1 cliff for SNAP benefits approaches.
• Poll of the Day: A majority of likely Republican voters support the US providing Ukraine with long-range Tomahawk missiles capable of striking targets deep within Russia.

Please find the full article attached below: US DAILY BRIEF