China’s top leadership has made “technological self-reliance and self-strengthening” a key goal in a proposal for the next five-year plan, as it grapples with export controls from the West amid an intensifying global tech race. It is the first time in at least a decade that technological self-reliance has been set as a major goal…
US stock futures made modest gains Monday evening after Wall Street kicked off the week with record closes. Investors are in for a packed few days featuring Big Tech earnings, a Federal Reserve rate decision, and a key meeting on US-China trade. Dow Jones Industrial Average futures (YM=F) edged up roughly 0.1%, while S&P 500…
US stock futures edged higher Sunday evening as Wall Street geared up for a pivotal week featuring the Federal Reserve’s expected rate cut, a barrage of Big Tech earnings, and a long-awaited meeting between President Trump and Chinese President Xi Jinping. Futures tied to the S&P 500 (ES=F) gained about 0.7%, while Nasdaq 100 futures…
President Trump’s closely-watched summit with Chinese President Xi Jinping is set for this Thursday in South Korea with increasing expectations after the weekend of advance talks have resulted in an environment that both sides say could be conducive to compromise. “I believe we’ve reached a very substantial framework that will avoid [a tariff hike] and…
(Bloomberg) — The Trump administration is launching a trade investigation that opens the door to new tariffs on Chinese goods, ratcheting up tensions ahead of a highly anticipated summit next week between the countries’ leaders. Most Read from Bloomberg US Trade Representative Jamieson Greer on Friday announced the opening of a probe into whether China…
By Xinghui Kok KUALA LUMPUR (Reuters) -Top economic officials from the U.S. and China will face off in Kuala Lumpur on Saturday to try to avert an escalation of their trade war and ensure that a meeting happens next week between U.S. President Donald Trump and Chinese President Xi Jinping. The talks on the sidelines…
The timing is set for President Trump’s closely watched summit with Chinese President Xi Jinping, the first face-to-face meeting of the two leaders during Trump’s second term. The two will meet next Thursday in South Korea. “Thursday morning, local time, President Trump will participate in a bilateral meeting with President Xi of the People’s Republic…
By Andrea Shalal, David Lawder and Susan Heavey WASHINGTON (Reuters) -Top U.S. officials headed to Malaysia on Wednesday to defuse a spike in U.S.-China trade tensions over Beijing’s move to curb exports of rare earth magnets, and keep next week’s planned meeting of U.S. President Donald Trump and Chinese President Xi Jinping in South Korea…
By Jeff Mason, Andrea Shalal and David Lawder WASHINGTON (Reuters) -U.S. President Donald Trump said on Wednesday he expected to reach agreements with Chinese President Xi Jinping when they meet in South Korea next week that could range from resumed soybean purchases by Beijing to limits on nuclear weapons. Trump told reporters in the Oval…
President Trump and Australian Prime Minister Anthony Albanese signed the framework of the critical minerals deal Monday that aims to boost US access to both the mining and processing of Australian rare earth resources. It was a move aimed squarely at China — which recently moved to choke off its own rare earth mineral exports…