Iran focus at Trump-Xi summit may delay progress on tariffs, rare earths

The upcoming summit between President Trump and President Xi is expected to prioritize discussions on Iran, potentially delaying negotiations on tariffs and rare earth minerals. This focus may influence market sentiment through a risk appetite channel, as traders reassess the likelihood of a trade resolution. Commodities linked to rare earths and sectors reliant on tariff adjustments, such as technology and manufacturing, are particularly exposed to these developments. Traders will be closely watching for any statements or outcomes from the summit that could indicate shifts in U.S.-China trade policy or further sanctions on Iran.

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