#us-china-relations

#us-china-relations

U.S. financial markets rallied this week as the Federal Reserve lowered interest rates for the first time since December 2024, cutting by a quarter of a percentage point. The move had been widely anticipated, but it reassured investors that the central bank is ready to support growth as the labour market shows signs of softening. The Fed's updated projections suggest that policymakers expect further cuts of up to half a percentage point

US President Donald Trump said he would meet Chinese President Xi Jinping on the sidelines of the upcoming Asia-Pacific Economic Cooperation summit and hailed progress toward finalizing a deal over TikTok, after a highly anticipated call on Friday. The in-person meeting would be the first between the leaders of the world's two largest economies since the US president returned to office, and settles an extended back-and-forth between Washington and Beijing around the venue and timing.

US president Donald Trump said he plans to meet Chinese Premier Xi Jinping in South Korea next month following a phone call in which the Chinese leader also approved of a deal to take control of TikTok's US operations. Trump wrote on Truth Social the call was "productive" and the approval was "appreciated", adding that he would travel to China next year after the two meet.

The decision, which may still be reversed, marks a U-turn inU.S. policy toward the self-governing island nation that China claims as its own territory, said the people, who spoke on the condition of anonymity to discuss internal deliberations. Two people familiar with the matter said the package was worth more than $400 million and would have been "more lethal" than past rounds of aid to Taiwan, including munitions and autonomous drones.

From the "Love Island" villa to the Coldplay "kiss cam," it's been a summer full of interesting relationships. However, President Donald Trump and Fed Chair Jerome Powell's relationship, or lack thereof, has the biggest impact on the business world. Powell's decision to keep rates steady this summer only fueled the fire. And Trump's ire for Powell has now extended to some of his colleagues, who are also fighting back.

Trump confirmed the details of an unusual arrangement effectively reversing that move: The American companies Nvidia and Advanced Micro Devices will be allowed to sell certain chips to Chinese firms if the companies give the U.S. government a 15 percent cut of the revenue from these sales.

Trump's staggering 50% tariffs on India, punishment for buying Russian oil, threaten to unravel years of calculated U.S. efforts to position New Delhi against China.

President Donald Trump recently announced a plan to achieve AI dominance for the United States, emphasizing domestic infrastructure growth and export controls on advanced semiconductor chips.