China, Trump and Xi
Digest more
Just weeks ago, markets rejoiced as a de-facto trade embargo between the world’s two largest economies was called off — with US President Donald Trump declaring a “total reset” with China. Yet, the reality of that reset is starting to look awfully familiar.
Friday closed down -0.15 (-0.25%), and July RBOB gasoline (RBN25) closed down -0.0221 (-1.08%). Crude oil and gasoline prices today fell to 3-week lows. Dollar strength Friday weighed on crude prices along with the escalation of trade tensions between the US and China,
Nvidia (NVDA) and other semiconductor stocks slid Friday amid worries about worsening U.S.-China trade tensions. Shares of Nvidia were down nearly 4% in recent trading. Advanced Micro Devices (AMD), Broadcom (AVGO),
President Trump said that Beijing was not honoring the terms of a temporary agreement and warned of further confrontation.
China said it will not send its defense minister to the Shangri-La Dialogue in Singapore and recently escalated export restrictions.
Official PMI remains below 50, with ‘persistently high uncertainty’ in global trade tipped to weigh on growth outlook in both US and China.
Trade tensions between China and the US have been ongoing since 2018 and escalated into a full-scale trade war in 2025.
NEW YORK] Wall Street stocks saw a mixed end to the day on Friday (May 30), as trade tensions between the United States and China heated up with President Donald Trump accusing Beijing of violating a tariff de-escalation deal.
JP Morgan Chase CEO Jamie Dimon urged the U.S. to prioritize internal improvements over fixating on China as an adversary. He emphasized that America's challenges lie within its borders, calling for reforms in various sectors to unlock economic growth.
Tensions escalate between the US and China following comments by US Defence Secretary Pete Hegseth, criticizing China's actions in the Asia-Pacific, particularly regarding Taiwan. China's foreign ministry rebukes Hegseth's 'Cold War mentality' and accuses the US of instigating regional conflict amid ongoing trade and diplomatic disputes.