Despite Trump's lack of interest in initiating efforts, he and his administration have been exploring the possibility of a meeting with Xi since the two countries’ delegations met for tariff talks for the first time in Geneva in May.
The U.S. is evaluating India’s readiness to make structural policy changes, as opening its protected domestic market would mark a major departure from New Delhi’s longstanding trade stance.
The canceled visit comes as the U.S. and China work to extend a tariff truce, with President Trump preparing for a possible summit with Chinese President Xi Jinping.
In the upcoming session, the spotlight is likely to be on the Federal Open Market Committee meeting that gets underway, the results of the Job Openings And Labor Turnover Survey, and the Conference Board’s July consumer confidence data.
Tesla’s shares continued to rise on Monday, extending the surge from Friday after the company announced a $16.5 billion partnership with Samsung Electronics for semiconductor chips.
According to a Bloomberg report citing defense analysts and open-source data, the U.S. is likely to have flown the new B61-12 thermonuclear bombs to the U.K. in a C-17 military aircraft earlier this month.
The economist stated that China striking a deal with the U.S. is not only essential for its relationship with the United States, but also for its other trade partners.
A wave of optimism continues to ripple through financial markets as strong corporate profits, rich equity valuations, and narrow credit spreads fuel investor confidence. But some analysts are beginning to question whether the market's recent run-up masks growing investor complacency.
The week’s economic news flow is headlined by key catalysts, including the Federal Reserve rate-setting meeting, July non-farm payrolls report, and the June personal income and spending report.
The high-level talks come just weeks before a key August deadline, with both sides signaling cautious optimism but little clarity on whether tariff relief or new agreements will follow.
Addressing reporters at the White House while leaving for Scotland, President Trump said rebate checks for people at a certain income level might be “very nice.”
