US-China trade

Markets watching for signs of an extension of a tariff truce announced after the October 2025 Trump-Xi summit

Another truce in Washington will not resolve growing resistance to Beijing’s export model elsewhere

AI has emerged as a key area of US-China technology competition

Domestic competition overtook US-China tensions as the biggest concern

Companies such as BYD and Geely are quickly gaining market share around the world

Such tools are key targets of US efforts to block the country from acquiring top-flight AI chips

The upcoming Trump-Xi summit in September means both sides are likely to keep their responses restrained

With chronically weak domestic demand, Beijing has doubled down on exports

Up to other countries to give China an incentive to shift away from exports, he says