Xi Warns Trump That Mishandling Taiwan Could Imperil US-China Ties
Chinese President Xi Jinping told Donald Trump at their Beijing summit that mishandling the Taiwan question would put US-China relations in great jeopardy. Trade, AI, Iran and rare earths were also discussed during the talks. No concrete trade deal was announced after the first day.
Chinese President Xi Jinping warned US President Donald Trump on the first day of their two-day Beijing summit that mishandling the Taiwan question would put the relationship between the two powers in great jeopardy. Trade, rare earth elements, artificial intelligence and Iran also featured prominently in the talks.
White House officials described the exchanges as constructive. However, no concrete trade agreement or tariff rollback was announced at this stage. Speaking to reporters, Trump said Xi had assured him that China would not supply arms to Iran during the regional crisis.
The two leaders are set to continue their talks on a second day. Markets are focused on the eventual joint communique and any possible understanding on rare earth export controls. Tensions over Taiwan remain the single largest geopolitical risk on investors' radar.
More from North America
US Supreme Court Lets Mail-Order Abortion Pill Mifepristone Continue
The US Supreme Court declined to extend an order that would have blocked mail-order delivery of the abortion pill mifepristone. The decision preserves nationwide access while the appeal proceeds in the lower courts. The dispute remains a politically charged item ahead of the autumn midterm elections.
SpaceX IPO prospectus could land as soon as next week, sources say
Elon Musk's SpaceX could file its initial public offering prospectus as soon as next week, sources told CNBC. The listing would be one of the largest tech IPOs of the decade if it goes through.
GameStop makes $55.5bn takeover offer for eBay
GameStop CEO Ryan Cohen announced a $55.5 billion takeover offer for eBay, seeing potential to make it a much bigger rival to Amazon.