Trump China Trip: What to Know as President Meets Xi Jinping
Nasdaq futures rose 0.7% as chipmakers rebounded and Trump arrived in Beijing for talks with Xi on trade and artificial intelligence.
- On Wednesday, President Donald Trump arrived in Beijing to meet with President Jinping, accompanied by Tesla CEO Elon Musk and Nvidia chief Jensen Huang for discussions on trade, artificial intelligence, and Iran.
- The conflict has essentially shut the Strait of Hormuz to oil tankers, trapping them in the Persian Gulf, while Brent crude prices up from roughly $70 per barrel before the war caused U.S. inflation to worsen last month.
- Nasdaq futures jumped 0.7% as technology stocks showed signs of recovery, with Intel rising 3.1% after a 6.8% decline on Tuesday and Qualcomm rebounding 4% following an 11.5% drop a day earlier.
- The Fed has paused interest rate cuts this year as it waits to see how inflation responds to the war and Trump's tariffs, while traders bet on better than 1-in-3 odds of a rate hike by December.
- Corporate earnings and AI momentum currently act as primary shock absorbers, but analyst Tim Waterer of KCM Trade warned the road is getting significantly rougher as markets navigate competing economic pressures.
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38 Articles
Behind the pompous staging for Donald Trump, Xi Jinping shows an uncomfortable reality: China has long been the strategic reinsurance for Russia, Iran or North Korea. The US is increasingly only able to watch.
Trump Meets W/ Xi In China, Texas Ag Comm. Sid Miller Promises, 'Good Things Will Come Out Of This'
Texas Agriculture Commissioner Sid Miller speaks with ALG on the Trump trip to China. The President is joined by a number of major CEOs and talked trade. Americans for Limited Government: https://getliberty.org Daily Torch: http://dailytorch.com Facebook: https://facebook.com/AmericansForLimitedGovernment/ Twitter: https://twitter.com/LimitGovt Truth Social: https://truthsocial.com/@limitgov The post Trump Meets W/ Xi In China, Texas Ag Comm. S…
Trump meets Xi Jinping as Brussels watches nervously
All eyes are on Beijing, where Donald Trump has arrived alongside CEOs from some of the world’s biggest tech companies. On his first visit since 2017, the US president is meeting Chinese President Xi Jinping, with Brussels following nervously and fearing the worst.
U.S. President Donald Trump began a summit with Chinese President Xi Jinping that is expected to be loaded with pomp and symbolism
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