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...
Top U.S. and Chinese negotiators said they reached a consensus on key disputes, paving the way for Presidents Donald Trump and Xi Jinping to meet later this week and finalize a trade deal aimed at easing tensions. After two days of talks in Malaysia, officials announced that both sides had agreed on issues including export controls, fentanyl, and shipping levies. U.S. Treasury Secretary Scott Bessent told CBS News that Trump's threat of 100% tariffs on Chinese goods "is effectively off the table," adding that China would make "substantial" soybean purchases and delay its rare-earth export...
The U.S. Trade Representative on Friday announced the launch of an investigation into China's implementation of the trade agreement signed during President Donald Trump's first term. "The launch of this investigation underscores the Trump Administration's determination to ensure China fulfills its Phase One Agreement commitments, protect American farmers, ranchers, workers, and innovators, and build a more reciprocal trade relationship with China for the benefit of the American people," U.S. Trade Representative Jamieson Greer said in a statement. (alg) Source: Reuters
Business activity in the United States' (US) private sector expanded at a healthy pace in October, with the S&P Global Composite Purchasing Managers' Index (PMI) improving to 54.8 in the flash estimate from 53.9 in September. In this period, the S&P Global Manufacturing PMI edged higher to 52.2 from 52, while the Services PMI climbed to 55.2 from 54.2. Both of these prints came in better than analysts' estimates. Assessing the survey's findings, "October's flash PMI data point to sustained strong economic growth at the start of the fourth quarter, with business activity picking up...
The annual inflation rate in the US rose to 3% in September 2025, the highest since January, from 2.9% in August and below forecasts of 3.1%. The energy index increased 2.8% and the food index increased 3.1%. Meanwhile, core inflation actually slowed to 3% from 3.1%, with markets expecting it to stay at 3.1%. Compared to the previous month, the CPI increased 0.3%, below 0.4% in August and forecasts of 0.4%. The index for gasoline rose 4.1% and was the largest factor in the all items monthly increase Source: Trading Economi
U.S. President Donald Trump said on Thursday that all trade negotiations with Canada have been terminated, accusing Ottawa of using a "fraudulent" advertisement involving late President Ronald Reagan. In a post on his social media platform Truth Social, Trump alleged that the Ronald Reagan Foundation had announced Canada used a fake ad featuring Reagan criticizing tariffs. Trump claimed the ad, which he said "was for" $75 million, was created to "interfere with the decision of the U.S. Supreme Court, and other courts." "Based on their egregious behavior, ALL TRADE NEGOTIATIONS WITH CANADA...
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...