Donald Trump to visit China for first summit in nearly a decade

The post Bitcoin Sees Unexpected Growth Amid High-Level US-China Talks appeared on BitcoinEthereumNews.com. The recent summit between US President Donald Trump and Chinese President Xi Jinping, held in Beijing on May 14–15, was a critical event as both nations attempted to navigate through mounting economic frictions. A side effect of the diplomatic discussions was an unexpected rise in Bitcoin‘s value, which increased by 2.3 percent, reaching $96,800. Continue Reading:Bitcoin Sees Unexpected Growth Amid High-Level US-China Talks Source: https://en.bitcoinhaber.net/bitcoin-sees-unexpected-growth-amid-high-level-us-china-talks

The post EU-China trade: Pragmatic stance and targeted risks – Standard Chartered appeared on BitcoinEthereumNews.com. Standard Chartered economists Christopher Graham and Carol Liao discuss the EU’s widening trade deficit with China, highlighting the autos sector as a key example of the imbalance. They note EU efforts to expand its trade policy toolkit and industrial strategy, while expecting China to maintain a restrained, pragmatic approach that preserves trade ties but leaves room for targeted actions. EU weighs broader trade policy response “EU officials are growing increasingly concerned with the bloc’s widening trade deficit with China. Although largely due to higher import volumes, it is also being driven by weakening export volumes to China.” “The autos sector has become symbolic of this trade shortfall, with EU vehicle imports from China increasing 10-fold since 2019, while EU exports to China have fallen sharply in the past few years.” “EU officials have cited overcapacity i

The post Scott Bessent says China will quietly pressure Iran to reopen Strait of Hormuz appeared on BitcoinEthereumNews.com. U.S. Treasury Secretary Scott Bessent said China is expected to press Iran privately to get the Strait of Hormuz open again, because Beijing is sitting right in the middle of the oil problem. Scott said on Thursday that China has more at stake than the United States because it buys a huge amount of crude from the Middle East and gets nearly all of Iran’s exported oil. He told Joe Kernen, “It’s very much in their interest to get the strait reopened.” Scott then added, “I think they will be working behind the scenes to the extent anyone has any say over the Iranian leadership.” China is the world’s biggest crude oil importer. In the year 2024, roughly 10% of its crude oil imports were from Iran, while over 50% of all imports were from the Middle East, according to the U.S. Energy Information Administration. As Scott pointed out, almost every barrel Iran exports to

Ethical concerns regarding Donald Trump’s multibillion-dollar crypto empire continue to loom large among Democrats, threatening to stall the bill’s path through Congress.

The post Trump Logs 3,642 Stock Trades in Q1, Breaking Decades of Blind Trust Norms appeared on BitcoinEthereumNews.com. President Donald Trump logged 3,642 stock trades during Q1 2026, according to a 113-page OGE Form 278-T disclosure released this week. The filing reveals a sharp pivot away from the bond-heavy posture seen in earlier 2026 reports. The volume averages roughly 60 trades per session. That pace breaks with a near-unbroken stretch of blind-trust arrangements stretching back to Lyndon B. Johnson. A Break From Decades of Blind-Trust Practice Most U.S. presidents since Johnson placed personal holdings into qualified blind trusts to limit conflicts. Jimmy Carter went further and liquidated his peanut farm. Barack Obama held Treasury notes and index funds. Joe Biden used a blind-trust arrangement during his term. The current filing covers 113 pages. It lists individual purchases of Nvidia (NVDA), Microsoft (MSFT), Broadcom (AVGO), Amazon (AMZN), and Apple (AAPL). Each fell in

Today on Uncanny Valley, we discuss how Donald Trump’s visit to China could influence conversations between world leaders at a moment when the economic and foreign policy stakes couldn’t be higher.

The post NVIDIA Stock Forecast: NVDA Hits ATH on China AI Chip Demand appeared on BitcoinEthereumNews.com. NVIDIA (NVDA) stock surged 3.7% to $234.18 as of writing in midday trading, extending its winning streak to a seventh consecutive session as strong demand signals from China fueled investor optimism ahead of its May 20 earnings report.  The rally pushed shares to a fresh intraday high of $236.47, lifting Nvidia’s market capitalization to roughly $5.7 trillion. The move places the chip giant firmly at the center of the ongoing AI-driven market surge. So what’s behind this latest breakout? The answer lies in a mix of geopolitical developments and accelerating global demand for AI infrastructure. China Demand Reignites Momentum Reports indicate that several major Chinese technology firms are preparing to purchase Nvidia’s H200 AI processors, pending government approval. These firms include Alibaba, Tencent, ByteDance, and JD.com, all of which continue to expand their AI capabilities

The post China: US talks, yuan push and geopolitics – Rabobank appeared on BitcoinEthereumNews.com. Rabobank’s Global Strategist Michael Every outlines China’s central role in current geopolitical and financial dynamics. Every covers Trump’s visit to Beijing and potential outcomes from US-China talks, questions over a possible Grand Bargain, and China’s leverage over Iran. It also notes Euroclear’s consideration of China onshore bonds and Beijing’s efforts to promote yuan internationalisation. US-China talks and yuan strategy “In Eastenders, Trump, with a billionaire CEO entourage, is meeting Xi after posting in Air Force One that he will be asking him “to ‘open up’ China so that these brilliant people can work their magic, and help bring the People’s Republic to an even higher level!”” “Indeed, as some talk of UK Labour going back to the 1970s, the US language is also of Nixon–Mao 2.0, albeit from a very different starting point.” “Everybody gets how important these talks are, but few