Trump and Xi Meet for State Dinner in Busan Amid Trade Talks
· World · CNBC, Bloomberg, LiveMint
U.S. President Donald Trump and Chinese President Xi Jinping met for a state dinner following bilateral negotiations held at Gimhae Air Base in Busan on Thursday. China's Commerce Ministry confirmed that negotiators held their first dialogue dedicated to artificial intelligence ahead of the summit. During their opening remarks, Xi stated that U.S. and Chinese interests are deeply intertwined and that competition should remain within bounds, while Trump emphasized efforts to encourage a balanced trading relationship. The state dinner featured high-powered U.S. tech executives including Apple CEO Tim Cook, Nvidia CEO Jensen Huang, and Tesla CEO Elon Musk. Meanwhile, global crude prices eased following reports of potential developments regarding an Iran deal, and Treasury yields reached multidecade highs.
Why it matters
The summit between the world's two largest economies directly influences global trade stability, technology cooperation, and geopolitical tensions across the Asia-Pacific region.
Read the original report — CNBC
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.