US-China Trade Talks “Very Positive” Amidst AI Chip Standard Concerns; Starbucks Earnings Loom

By / / Breaking News

Key Takeaways

  • White House Senior Adviser Hassett characterized recent US-China tariff negotiations as "very, very positive," with President Trump expected to be pleased by the briefing on Wednesday's meeting.
  • The US aims for China to continue purchasing American-made chips, including Nvidia's (NVDA) H20, but is resolute in preventing China from setting the global standard for AI chips. This highlights a nuanced approach to tech trade.
  • Starbucks (SBUX) is poised to report its latest earnings, with investors closely watching for performance indicators and future outlook.
  • The Federal Reserve's policy toolkit is reportedly under review for potential fundamental changes, signaling possible shifts in future monetary strategy.

White House Senior Adviser Hassett has indicated that recent tariff talks with China were "very, very positive," suggesting a constructive path forward in trade relations. Hassett noted that President Trump is anticipated to be pleased by the briefing he will receive on Wednesday from negotiators Bessent and Greer. This positive sentiment comes despite the ongoing US-China tariff truce, which remains in effect for now, though President Trump retains the final decision-making authority.

In a related development concerning technology and trade, Hassett clarified the White House's dual stance on AI chips. While the US desires China to continue buying American chips, specifically mentioning Nvidia's (NVDA) H20, there is a strong emphasis on preventing China from establishing the global standard for AI chip technology. This underscores the strategic competition in the critical artificial intelligence sector.

Meanwhile, Starbucks (SBUX) is on the verge of reporting its latest earnings, a key event for investors to gauge the coffee giant's financial health and growth trajectory. Market participants are keenly awaiting the release to understand the company's performance and future projections.

Separately, the Federal Reserve's approach to monetary policy may be evolving, with reports suggesting that its policy toolkit could undergo fundamental changes. This potential shift could have significant implications for financial markets and the broader economy, as the Fed adapts to current and future economic conditions.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. We are not financial professionals. The authors and/or site operators may hold positions in the companies or assets mentioned. Always do your own research before making financial decisions.
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