Trump, Xi Jinping and China
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Trump's Ukraine policy shifts from strong support to softer stance in recent weeks, reversing tough UN summit rhetoric as Russia war continues.
The two leaders reached an agreement on fentanyl, some tariffs and rare earths, at least for a year. But even as the global trade picture cleared a little, Mr. Trump spurred new worries about nuclear proliferation.
The yen tumbled sharply on Thursday after the Bank of Japan (BOJ) left rates unchanged, while other currencies held in tight ranges as investors weighed a trade agreement between U.S. President Donald Trump and Chinese President Xi Jinping.
President Donald Trump made an extraordinary concession in his landmark deal with Chinese leader Xi Jinping Thursday: In exchange for promises that China will crack down on fentanyl, the United States will shave 10% off the tariffs it charges on Chinese goods.
Trump and Xi Jinping meet as the soybean trade war devastates U.S. farmers. China's tariffs shifted $30 billion crop exports to Brazil, hitting rural America hard.
President Donald Trump and Chinese president Xi Jinping have begun what is expected to be three to four hours of high-stakes ,in-person talks in hopes of lowering the temperature of a simmering trade war that has threatened to boil over and upend the global economy.
The growing power of China's leader complicates U.S. dealmaking—and makes a grand bargain unlikely, writes Neil Thomas.