US Comfortable With Canada Trade Standoff as Import Bans Loom 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Trump to Ease U.S. Fuel-Economy Standards 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
ECB May Stop Rate Hikes After December, Capital Economics Says 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Trump, Xi Focus on Trade and AI at White House Summit 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
China Consumer Stocks Near Decade Lows as AI Shares Surge 
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Xi Jinping Congratulates Trump on 2024 Election Win
Chinese President Xi Jinping extended congratulations to Donald Trump following his victory in the 2024 U.S. presidential election, according to a report from Chinese state media Xinhua.
Diplomatic Communication Between Xi and Trump
A Chinese foreign ministry spokesperson had offered similar congratulations on Wednesday. Reports from CNN also indicated that Xi and Trump held a phone conversation, where the Chinese leader emphasized the importance of strengthening communication between the two nations.
Calls for US-China Cooperation Amid Tensions
In his statement, Xi highlighted the need for a new era of cooperation between China and the United States. He stressed the importance of managing differences appropriately while fostering mutual collaboration on various global issues.
Potential Trade War Concerns
Despite Xi’s conciliatory message, Trump’s campaign rhetoric raised concerns about future trade relations. Trump had threatened to impose tariffs of up to 60% on Chinese imports, a move that could reignite a trade war between the world’s largest economies.
