US and China presidents discuss cooperation, trade and AI risks
Donald Trump and Xi Jinping discussed trade tensions, technology and AI risks at the White House
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Donald Trump and Xi Jinping discussed trade tensions, technology and AI risks at the White House
US equity futures waver after Meta, Alibaba and Tencent boosted investor optimism around AI with their latest technology. The US and China held a second round of trade talks ahead of the Trump-Xi summit. President Trump is set to speak as the UN General Assembly convenes in New York City. Kallum Pickering of Peel Hunt joins "Bloomberg Brief" to discuss the sustainability of debt-financed growth. This video has been edited to correct a graphic to show that the latest AI trade faltered in the Asian session. The correction is placed at 01:01 (Source: Bloomberg)
Chinese and US negotiators made progress on artificial intelligence (AI) and trade ahead of President Xi Jinpingโs visit to the White House later this week. โWe had a very successful engagement with the Chinese on trade and AI,โ US Treasury Secretary Scott Bessent told reporters following Sundayโs eight-hour-long negotiations at JPMorgan Chaseโs head office in New York. The talks had a โgood atmosphereโ and were โnot badโ, said Chinaโs Li Chenggang. Liโs promotion to international trade...
US President Donald Trump and Chinese President Xi Jinping prepare to meet in Washington with technological supremacy and unresolved economic friction at the top of the agenda. Ahead of an approaching trade truce deadline, discussions are likely to center on artificial intelligence competition, semiconductor export policy, and potential Chinese EV manufacturing in the US. Against the backdrop of ongoing tariff debates and geopolitical tensions over Taiwan and Iran, Bloombergโs Stephen Engle previews what is at stake for both economies. (Source: Bloomberg)