โHostile, but hookedโ: Whatโs behind the US-China trade truce extension?
Some analysts say extending the truce is pure optics - others say it's a useful step towards a more durable deal.
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Some analysts say extending the truce is pure optics - others say it's a useful step towards a more durable deal.
US President Donald Trump welcomed Chinese President Xi โJinping to Washington on Wednesday for a three-day visit that will test relations between the superpowers as tensions simmer over trade, technology, Taiwan and Tehran. Xiโs first trip to the US in nearly three years was not expected to deliver major breakthroughs, but Washington and Beijing could extend their 11-month trade truce.
As US President Donald Trump greeted China's Xi Jinping on Wednesday, Treasury Secretary Scott Bessent announced that an agreement struck last year by the nations will run an additional two months until Jan. 10. Tyler Kendall reports on Bloomberg Television. (Source: Bloomberg)
Treasury Secretary Scott Bessent announced the US and China have sealed a two-month extension to their trade truce, as Xi Jinping landed in America for his first state visit in eleven years. Meta unveiled a palm-sized, dedicated gadget for using Muse, the companyโs popular new artificial intelligence assistant, pushing deeper into the AI devices market with a surprise announcement. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)
Trade Representative Jamieson Greer indicated China and the US remain divided on the terms of a trade truce extension. Asked if a three-to six-month extension was under discussion, Greer said โthatโs probably the right kind of rangeโ though itโs unlikely to be announced this week. He spoke on โBloomberg Surveillance.โ (Source: Bloomberg)