Trump Signals Stronger U.S.-China Ties During Beijing State Visit

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The post Australian Dollar softens to near 0.7200 as Trump and Xi set for second day of talks appeared on BitcoinEthereumNews.com. The AUD/USD pair attracts some sellers to near 0.7205 during the early Asian trading hours on Friday. Markets remain cautious ahead of the second day meeting between US President Donald Trump and Chinese President Xi Jinping in Beijing on Friday. Trump said on Friday that China’s leader Xi likely has power to sway Iran, adding that he’s not going to be much more patient on Iran, per Reuters. Earlier Thursday, Trump stated that China’s leader Xi Jinping had offered to help negotiate an end to the war with Iran and keep the Strait of Hormuz open to global shipping. However, US President said he hoped the relationship between the US and China would be “stronger and better than ever before.”  The focus is on Taiwan, as Xi warned the US President that mishandling China’s claims on Taiwan could cause “clashes and even conflicts” as the disputed island has been a

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The post US President Donald Trump hopes US-China relationship ‘will be better than ever before’ appeared on BitcoinEthereumNews.com. US President Donald Trump said that he hoped the relationship between the US and China would be “stronger and better than ever before” ahead of a second day of talks with Chinese President Xi Jinping in Beijing, the Wall Street Journal reported on Thursday. “They look forward to trade and doing business. It’s going to be totally reciprocal on our behalf,” said Trump in opening remarks during his meeting with Chinese leader. Trump added in his Truth Social post that Xi had congratulated him on “so many tremendous successes,” including the US’ relationship with Venezuela, its job market as well as its military.  On Iran, Trump said that Xi offered help to resolve the conflict and pledged not to provide military equipment to Iran. Xi also wants to see the critical Strait of Hormuz reopened.  Market reaction As of writing, the AUD/USD pair is up 0.01% on the

The post Gold inches higher above $4,650 amid Trump–Xi summit hopes appeared on BitcoinEthereumNews.com. Gold price (XAU/USD) recovers some lost ground around $4,660 during the early Asian session on Friday. However, the potential upside for the precious metal might be limited as the prospects of US rate cuts have largely faded. Traders will closely monitor US President Donald Trump’s meeting with Chinese President Xi Jinping in Beijing. Trump and Xi called for a better US-China relationship on Thursday as they began a two-day summit likely to cover issues ranging from tariffs to artificial intelligence. Xi reportedly told the US business leaders their companies could be “deeply involved in China’s reform and opening up” and that “China’s door will only open wider.”  Trump said after Thursday’s meetings that Xi offered help to resolve the conflict and pledged not to provide military equipment to Iran.  Xi also wants to see the critical Strait of Hormuz reopened.  “The market is trying

The trade talks could reshape global tech supply chains, impacting sectors from AI to agriculture, and influence digital asset markets. The post Trump leads delegation of 17 executives to Beijing for trade talks appeared first on Crypto Briefing.