Politics And The Markets 10/13/25

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More on Today’s Markets:

Trump’s conciliatory tone comes just hours after China’s Commerce Ministry issued its first official response to Trump’s tariff threat, warning that it “will not back down” and urging Washington to resolve disputes through dialogue rather than coercion. Beijing’s statement signaled that it is prepared to take “corresponding measures” if the U.S. follows through on its new import taxes and export controls.

“It’s going to be a delicate dance, and a lot of it is going to depend on how the Chinese respond,” Vance said on Fox News’s Sunday Morning Futures. “If they respond in a highly aggressive manner, I guarantee you, the president of the United States has far more cards than the People’s Republic of China. If, however, they’re willing to be reasonable,” he said, then the U.S. would, too.

“If the U.S. side obstinately insists on its practice, China will be sure to resolutely take corresponding measures to safeguard its legitimate rights and interests,” the Commerce Ministry said.

Trump acknowledged during the meeting that autos remain a natural source of friction between the two countries, noting that both want