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US President Donald Trump: Long meeting scheduled with Xi, thinks something will work out
World FX news
Breaking news
US President Donald Trump: Long meeting scheduled with Xi, thinks something will work out
New
2025.10.23 08:20
2025.10.23 08:20
2025.10.23 08:20
US President Donald Trump said late Wednesday that a long meeting is scheduled with China's Xi Jinping in South Korea and thinks something will work out.
Key quotes
Long meeting scheduled with China's Xi in South Korea and thinks something will work out.
It did not feel right to have a meeting with Russia's Putin, so he canceled it and felt it was time for Russian sanctions.
Hopes sanctions won't be on for long with Russia.
Whenever he speaks with Putin, they are good conversations but they don't go anywhere.
Market reaction
At the time of writing, the AUD/USD is trading 0.09% higher on the day to trade at 1.1664.
US-China Trade War FAQs
Generally speaking, a trade war is an economic conflict between two or more countries due to extreme protectionism on one end. It implies the creation of trade barriers, such as tariffs, which result in counter-barriers, escalating import costs, and hence the cost of living.
An economic conflict between the United States (US) and China began early in 2018, when President Donald Trump set trade barriers on China, claiming unfair commercial practices and intellectual property theft from the Asian giant. China took retaliatory action, imposing tariffs on multiple US goods, such as automobiles and soybeans. Tensions escalated until the two countries signed the US-China Phase One trade deal in January 2020. The agreement required structural reforms and other changes to China's economic and trade regime and pretended to restore stability and trust between the two nations. However, the Coronavirus pandemic took the focus out of the conflict. Yet, it is worth mentioning that President Joe Biden, who took office after Trump, kept tariffs in place and even added some additional levies.
The return of Donald Trump to the White House as the 47th US President has sparked a fresh wave of tensions between the two countries. During the 2024 election campaign, Trump pledged to impose 60% tariffs on China once he returned to office, which he did on January 20, 2025. With Trump back, the US-China trade war is meant to resume where it was left, with tit-for-tat policies affecting the global economic landscape amid disruptions in global supply chains, resulting in a reduction in spending, particularly investment, and directly feeding into the Consumer Price Index inflation.
Last updated
: 2025.10.23
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AUD/USD Price Forecast: Stalls below 50-day SMA as buyers struggle to extend gains
The Australian Dollar (AUD) eases slightly against the US Dollar (USD) on Thursday, reversing most of the early advance after briefly climbing to a two-week high on the back of stronger-than-expected employment data.
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2025.11.14 01:20Fed's Kashkari: Inflation still too high, at 3%
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The Pound Sterling advances on broad US Dollar weakness amid the US government's reopening, which would unveil a tranche of economic data for traders and the Federal Reserve. The GBP/USD trades at a two-day high of 1.3194, up 0.46%.
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2025.11.14 00:18Euro loses traction against Pound after weak Eurozone Industrial Production
The Euro (EUR) is easing slightly against the British Pound (GBP) on Thursday after earlier climbing to a fresh year-to-date high of 0.8843. At the time of writing, EUR/GBP is trading around 0.8826, snapping a two-day winning streak as traders reacted to disappointing Eurozone data.
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2025.11.13 23:57JPY is flat against USD - Scotiabank
The Japanese Yen (JPY) is trading flat against the US Dollar (USD) and underperforming all of the G10 currencies in an environment of sentiment-driven USD weakness, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.11.13 23:16GBP buoyed by broader developments - Scotiabank
The Pound Sterling (GBP) is up 0.2% against the US Dollar (USD), a mid-performer among the G10 in an environment of broad-based USD weakness driven by sentiment, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.11.13 23:14EUR delivers clear break of 1.16 - Scotiabank
The Euro (EUR) is entering Thursday's NA session with a modest 0.2% gain against the US Dollar (USD) and a clear break above 1.16, hitting fresh November highs with a push back toward the middle of its range from late June, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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2025.11.13 23:13CAD edges fractionally higher - Scotiabank
The Canadian Dollar (CAD) continues to lean quite hard on the 1.40 zone but, even with the USD slipping broadly on the day, cannot secure a clear push under the figure zone, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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2025.11.13 23:07USD slips as government reopens - Scotiabank
The US Dollar (USD) is broadly weaker in response the end of the US government shutdown, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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2025.11.13 23:05Disclaimer:
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