As Xi meets Trump, who's winning their trade war? Share As Xi meets Trump, who's winning their trade war? on social media Chinese President Xi Jinping is scheduled to hold talks with United States President Donald Trump at the White House during his state visit - the first by a Chinese leader in more than a decade - as the world's two largest economies are locked in an ongoing tussle over trade and artificial intelligence. Trump is expected to welcome Xi on the tarmac at Joint Base Andrews outside the US capital, Washington, DC, in a rare gesture for a high-stakes three-day visit by the Chinese leader. He ramped up tariffs on Chinese goods after returning to power in 2025, and has since imposed curbs on the sale of AI chips to Beijing as the two nations compete for supremacy in the AI race. The future of their fragile trade truce will be high on the agenda when the two leaders meet on Thursday.

Carney's new love-in with EU has everything to do with Trump Wouldn't it be lovely if Canada was the 28th state of the European Union rather than the 51st state of the United States? The question was rather tongue-in-cheek. US President Donald Trump, who is currently locked in an escalating tariff tussle with Ottawa, has, on a number of occasions, declared his ambition to make Canada the 51st American state - causing deep offence amongst many Canadians. Finland is one of the EU's 27 member states and a close ally of Canada as a fellow Arctic nation. Teasing tones aside, President Stubb put his finger squarely on the pulse of deepening EU-Canadian relations. Canada is more Europe-minded than most Europeans! is a smiling retort you often hear in Brussels at the moment.

For decades, one of Canada's biggest selling points to foreign investors was its access to the world's largest economy next door. Prime Minister Mark Carney is now trying to sell something bigger -- to bet on Canada itself. The invitation-only meeting will bring some of the world's largest pension and sovereign wealth funds and asset managers together with corporate executives, Canadian premiers and federal officials. Carney, a former central banker with deep ties to the global investment world, wants them to put money into everything from mines and pipelines to ports, artificial intelligence and advanced manufacturing. It is part of a much bigger push to catalyse $1 trillion in investment in Canada over the next five years, with about $280bn in public investment and government incentives to help draw in private and institutional capital.

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Politics Trump's Trade War Is the Latest Middle Finger to Senate Republicans It was about to be a good week to be a GOP candidate. Then Trump did what Trump does. Become a member to share 10 free articles a month. Welcome to this week's edition of the Surge, which was off last Saturday so will now catch you up on the previous week's news: . August "silly season" continues with the usual slapstick stories about international trade wars and a possible Russian attack against NATO.

Trump-Xi meeting: Who has the upper hand? Could Trump go for a third term? Is the US eyeing its next Latin American target? Why is Trump tearing down parts of the White House? United States President Donald Trump and his Chinese counterpart Xi Jinping have agreed to a trade truce under which the US will ease tariffs and Beijing will restart imports of US soya beans, delay the introduction of export restrictions on some of its rare earth metals and intensify efforts to curb illegal fentanyl trafficking.

China will soon have a new Five Year Plan. Here's how they have changed the world so far China's top leaders are gathering in Beijing this week to decide on the country's key goals and aspirations for the rest of the decade. Every year or so, the country's highest political body, the Central Committee of the Chinese Communist Party, convenes for a week of meetings, also known as a Plenum. What it decides at this one will eventually form the basis of China's next Five Year Plan - the blueprint that the world's second largest economy will follow between 2026 and 2030. The full plan won't come until next year, but officials are likely to hint at its contents on Wednesday and have previously given more details within a week of that.

Chipmaker Nvidia set a fresh sales record in the second quarter, surpassing Wall Street expectations for its artificial intelligence chips. But shares of the chip giant still dropped 2.3% in after hours trading, in a sign that investors' worries of an AI bubble and the repercussions of Donald Trump's trade wars are not quelled. Nvidia's financial report was the first test of investor appetite since last week's mass AI-stock selloff, when several tech stocks saw shares tumble last week amid growing questions over whether AI-driven companies are being overvalued. On Wednesday, Nvidia reported an adjusted earnings per share of 1.08 on 46.74bn in revenue, surpassing Wall Street's projection of 1.01 in earnings per share on 46.05bn in revenue, according to Fact Set data. But investors had high expectations for the company.

World economic and finance chiefs want an off-ramp from the worst global trade crisis in a century. Washington makes for a turbulent backdrop to the spring meetings of the International Monetary Fund and World Bank, headquartered in the U.S. capital as anchors of America's economic and financial clout. President Donald Trump's tariff war hasn't just roiled markets and raised recession fears: it's also called into question U.S. economic and security leadership -- a pillar of the post-World War II global order -- like never before. The stage is set for "one of the most stark and dramatic meetings I can think of in recent history," says Josh Lipsky, senior director of the GeoEconomics Center at the Atlantic Council and former IMF adviser. "You have at this moment a deep challenge to the multilateral rules-based system which the U.S. helped build."