As per Bpaynews, Chinese President Xi Jinping and U.S. President Donald Trump held a phone call, discussing Taiwan, Ukraine, and expanding bilateral cooperation. The conversation, a rare direct engagement, saw Xi reiterate Beijing’s position on Taiwan as part of the post-World War II international order and urged efforts to safeguard the outcome of the war. Trump mentioned that tariff receipts could accelerate as prior inventory stock-ups are reduced, reigniting debate over inflation and corporate margins. Market implications include sensitivity in FX, rates, and equities, particularly in semiconductors, hardware, and import-reliant sectors. Markets will watch for a U.S. readout and upcoming economic data for further clarity.
Xi and Trump Hold Phone Call, Discuss Taiwan, Ukraine, and Cooperation
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