Many people in China cheered the meeting Thursday between President Xi Jinping and U.S. President Donald Trump, after months of escalating bilateral tensions. Every time the two leaders meet, it helps ease tensions and creates a "positive atmosphere," Alex Hongcai Xu, chair of Beijing Honglve Consulting, said in Mandarin, translated by CNBC. "This atmosphere is beneficial for negotiations." "Each side lowering tariffs to below 10% would benefit capital flows and cooperation," Xu said. He noted that China can likely buy more U.S. soybeans and U.S.-made Boeing airplanes. Trump said Thursday...
Donald Trump urged Russia's Vladimir Putin and Ukraine's Volodymyr Zelenskiy to show "flexibility" as the US president seeks to expedite his efforts to end the war in Ukraine. "I hope President Putin will behave, and if he doesn't, it's going to be a difficult situation," Trump said Tuesday in an interview on Fox News. "I hope Zelenskiy, President Zelenskiy, will do what he has to do. He has to show flexibility." Trump's comments follow a series of twists and turns as the US president seeks to end Russia's war against Ukraine, now in its fourth year. Trump held a summit in Alaska with...
S&P Global Ratings stated that revenue from Donald Trump's tariffs will help mitigate the impact of the president's tax cuts on US fiscal health, allowing the country to maintain its current credit rating. Although Trump's trade war has roiled markets, unsettled foreign governments, and drawn criticism from leading economists, S&P affirmed the US's AA+ rating—a score it has held since 2011, when it first downgraded the world's largest economy from AAA. This is partly because S&P expects the inflow of tax revenues to offset the impact of the recent tax and spending bill on the...
US President Donald Trump told President Volodymyr Zelenskiy on Monday that the United States would help guarantee Ukraine's security in any deal to end Russia's war there, though the extent of the assistance was unclear. Trump made the pledge during an extraordinary summit at the White House, where he hosted Zelenskiy and a group of European allies following his Friday meeting in Alaska with Russian President Vladimir Putin. "In terms of security, there will be a lot of help," Trump told reporters, adding that European countries would be involved. "They are the first line of defense...
U.S. President Donald Trump said on Monday that he was arranging a meeting between Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky to discuss an end to their longstanding conflict. Trump also raised the possibility of trilateral talks with the two after their initial meeting. "I called President Putin, and began the arrangements for a meeting, at a location to be determined, between President Putin and President Zelenskyy. After that meeting takes place, we will have a Trilat, which would be the two Presidents, plus myself," Trump said in a Truth.Social...
President Donald Trump said Monday he believes Russian President Vladimir Putin wants to end the war in Ukraine, suggesting potential progress toward peace negotiations. Trump made the remarks during a bilateral meeting with Ukrainian President Volodymyr Zelenskiy in the White House's Oval Office, which followed Friday's Russia-United States Alaska summit where Trump met with Putin. "I believe Putin wants it to end," Trump stated during the meeting, adding that there's a "possibility that something could come out of Putin meeting." The U.S. president hinted at potential three-way...
Asia-Pacific markets traded higher, tracking Wall Street gains overnight.
Japan's benchmark Nikkei 225 rose 0.41% after hitting a fresh record high on Thursday, while the Topix added 0.61%. South...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
US President Donald Trump said Thursday that he had agreed with President Xi Jinping to cut tariffs on China in exchange for Beijing cracking down on illegal fentanyl trade, resuming purchases of...