Trump, Xi Agree to 1-Year Trade Truce, Meta & Microsoft AI Spending Spree | The Opening Trade 10/30
President Donald Trump and Chinese President Xi Jinping agreed to extend a tariff truce an additional year, roll back export controls and reduce other trade barriers. The US will halve...
By Bloomberg Markets · Bloomberg Markets
President Donald Trump and Chinese President Xi Jinping agreed to extend a tariff truce an additional year, roll back export controls and reduce other trade barriers. The US will halve fentanyl-related tariffs on Chinese goods, while Beijing resumes purchases of soybeans, sorghum and other farm products. The largest technology companies are betting on an AI future powered by gigantic complexes of data centers filled with humming servers. Now that the staggering cost of this push is coming into sharper focus, it’s testing nerves on Wall Street. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Guy Johnson and Kriti Gupta. (Source: Bloomberg)