U.S. Stocks Slip as Investors Await Fed Rate Decision and Monitor Market Shifts 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Trump and Lula Discuss Trade, Sanctions, and Security in “Productive” Phone Call 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Oil Prices Slip as Russia-Ukraine Peace Hopes Fade and Oversupply Fears Grow 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
U.S. Soybean Shipments to China Gain Momentum as Trade Tensions Ease 
Japan’s Finance Minister Signals Alignment With BOJ as Rate Hike Speculation Grows 
South Korea Posts Stronger-Than-Expected 1.3% Economic Growth in Q3 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Tech Stocks Lift S&P 500 as Fed Rate-Cut Expectations Rise 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
China Urges Pragmatic U.S. Relations as Trump Returns to Office
China has officially congratulated Donald Trump on his election victory, with a Chinese foreign ministry spokesperson stating, “We respect the choice of the American people and congratulate Mr. Trump.” As Trump prepares to take office in January, China is urging a “pragmatic” approach to U.S.-China relations amid rising tensions.
Reviving Bilateral Issues from Trump's First Term
Trump’s second term raises concerns for China, particularly due to his commitment to imposing tariffs on Chinese imports. His previous presidency from 2017 to 2021 saw the initiation of a trade war and tariffs on Chinese goods, impacting both economies. The Chinese state newspaper, China Daily, highlighted that Trump’s return could be a “new beginning” for relations if managed carefully.
Economic Vulnerabilities and Tariff Concerns
Under the current administration, tariffs on Chinese goods remain high, with duties on key Chinese imports, including a recent 100% tariff on electric vehicles and a 25% duty on steel and other key materials. Trump’s proposal to implement a 60% tariff on Chinese imports poses significant risks to China's already struggling economy, burdened by a real estate downturn and government debt issues.
Navigating Future Challenges with Dialogue
In a recent editorial, China Daily emphasized that resolving differences through dialogue would serve both nations’ interests, bringing stability to global markets. The newspaper stated that the U.S.-China relationship, “the world’s most important bilateral relationship,” is vital for global stability.
