“Washington’s Historic Deal: Global Trade Truce Shakes the Thai Baht and Reshapes the World Economy” SO OK TRADING · Insight · September 24, 2026

 U.S.–China Negotiations (September 23–25, 2026)
By SO OK TRADING | September 24, 2026 “Temporary Truce, Fragile Stability, and the Impact on the Thai Baht and Global Economy”

 
Introduction
The summit between President Donald Trump and President Xi Jinping in Washington D.C. (September 23–25, 2026) is a landmark event closely watched worldwide. This negotiation directly influences the trajectory of global trade, technology, geopolitics, and financial markets — particularly currencies and commodities, with significant implications for the Thai Baht.

 
Situation and Context
Main Direction: Compromise to preserve fragile stability. Both sides aim to avoid severe conflict, focusing on short-term benefits rather than structural reforms.

Expected Agreements

Extension of the trade truce for another year.
China to increase imports of U.S. agricultural and industrial goods, including Boeing aircraft.
Establishment of an emergency AI & cybersecurity hotline for joint risk management.
Structural Conflicts (3Ts + 1)

Trade: Deep-rooted tariff barriers remain (U.S. tariffs up to 145%, China retaliating at 125%).
Tech: U.S. restricts China’s access to advanced AI and semiconductors.
Taiwan: Security and sovereignty issues remain fundamentally opposed.
Iran & Russia: U.S. pressures China to reduce support and halt oil imports.
 
Key Events
Historic Welcome: Trump personally greeted Xi at the airport, accompanied by a B‑1 bomber flyover.
First Outcome: Trade truce extended until January 10, 2027.
Trump’s Signal: Initiated talks on Iran, affirming the U.S. will not supply arms to Iran.
 
Outlook: Impact on Financial Markets and the Thai Baht
Stock Markets

U.S.: NASDAQ fell ‑1.1% as bond yields surged past 5%.
Japan: Nikkei 225 rose +1.85% on positive sentiment.
China/Hong Kong: Mild gains (SSE +0.38% / HSI +0.33%).
Gold

Fluctuated within $4,340–$4,390/oz.
Currencies

Yuan strengthened to 6.70/USD (4‑year high).
Yen weakened to 158.24/USD.
U.S. Dollar strengthened on robust economic data and hawkish Fed stance.
Thai Baht (THB): Firmed slightly to 33.05–33.20/USD.

Positive reaction to the trade truce.
Still pressured by high U.S. bond yields.
Thai import–export businesses must monitor volatility, especially if oil prices surge.
Non-Ferrous Metals

Rare earth prices declined due to eased export restrictions.
Copper +0.39%, aluminum stable.
 
Future Outlook
Gold

Support: $4,195 / $4,265 | Resistance: $4,430 / $4,500.
Pressured by reduced risk sentiment, supported by geopolitical tensions.
Oil

Current: Above $100/barrel.
Worst Case: Prolonged conflict could push prices to $150/barrel.
Best Case: If China mediates, prices may fall below $100/barrel.
Thai Baht

Support: ฿33.00/USD | Resistance: ฿33.60/USD.
Oil price spikes could weaken the Baht.
Successful U.S.–China negotiations could strengthen it slightly.
 
Conclusion
This summit represents a “Strategic Truce” — easing global economic pressure in the short term but leaving structural issues unresolved. For Thailand, the Baht enjoys temporary stability, yet risks from oil prices and geopolitics could quickly reverse the trend.

 
⚙️ SO OK TRADING
Your trusted business partner. FAST • SHARP • RELIABLE

Visit us: www.sooktrading.com Facebook: SO OK TRADING