{"id":535171,"date":"2025-10-29T09:51:14","date_gmt":"2025-10-29T09:51:14","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/535171\/"},"modified":"2025-10-29T09:51:14","modified_gmt":"2025-10-29T09:51:14","slug":"london-jumps-and-europe-flat-as-traders-await-fed-rate-decision-and-us-china-trade-meeting","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/535171\/","title":{"rendered":"London jumps and Europe flat as traders await Fed rate decision and US-China trade meeting"},"content":{"rendered":"\n

The FTSE 100 (^FTSE<\/a>) started out strong on Wednesday while European stocks were muted as traders await a decision later today from the Federal Reserve and assess the ever-shifting US-China trade dynamic.<\/p>\n

Speaking aboard Air Force One as he arrived in South Korea, Donald Trump announced that he will cut fentanyl-linked tariffs imposed on China. He said he would reduce the 20% fentanyl levy he imposed in the spring as a way to put pressure on Beijing to curb the export of precursor chemicals used in the manufacturing process, which has fuelled the opioid crisis in the US.<\/p>\n

The US president told reporters: “I expect to be lowering that because I believe they can help us with the fentanyl situation. We have to get rid of it.”<\/p>\n

He added: \u201cI think we\u2019re going to have a deal,\u201d saying that it will be a \u201cgood deal for both\u201d.<\/p>\n

It comes just a day before his meeting with Chinese president Xi Jinping in the country. The Wall Street Journal reported on Tuesday that Trump was considering cutting the 20% tariff on Chinese goods to as low as 10%.<\/p>\n

Meanwhile, later today, the US Federal Reserve is widely expected to cut interest rates by a quarter point to 4%. Traders will also have their focus on Fed chair Jerome Powell\u2019s press conference which may shed further light on the central bank\u2019s next moves.<\/p>\n