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Grapevine

Xi Jinping Meets Global CEOs Amid US Trade Tensions

  • Chinese President Xi Jinping met with global executives to discuss trade amid rising tensions with the US.
  • Xi emphasized China's stability and safety for foreign investments, promising fair opportunities in government procurement.
  • US President Trump has increased tariffs on China, citing the fentanyl crisis, but hinted at reducing them to close a deal involving TikTok.
  • China is boosting trade with Southeast Asia and the EU, while still valuing its trade relationship with the US.
  • The meeting included top executives from companies like Apple, Tesla, FedEx, and Boeing, highlighting China's strategic outreach.

Source: Cnbc, Forexlive

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4mo ago
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