Trump, China's Xi Set to Meet in South Korea

Watch Trump, China's Xi Set to Meet in South Korea - Bloomberg on Dailymotion

Transcript

00:00Tyler, 10 p.m. local time here in New York, 11 a.m. your time.

00:04What are we expecting in the conversation between the two world leaders?

00:10Yeah, hey, Danny.

00:11Well, it really is starting to feel like the contours of any potential U.S.-China agreement

00:15is expanding beyond what we originally expected to be just a pullback in the recent escalation

00:22of tensions, right?

00:23We started this week coming out of the trade talks in Malaysia, where we heard the Treasury

00:26Secretary Scott Besant suggests that we are going to get an extension to the trade truce

00:31in place and set to expire on November 10th, and also some mitigation when it comes to

00:35recent actions, like China was going to start to resume its purchases of U.S. soybeans, which

00:40Bloomberg News has confirmed, and that also China was going to scale back, delay some of

00:46its export curbs related to critical and rare earth minerals.

00:49But as Matt mentioned, we now have President Trump floating that he's going to bring up

00:53NVIDIA's Blackwell chip with Chinese President Xi Jinping.

00:56Of course, this would be a big development for the company, which has been trying to reenter

01:00the Chinese market since 2022.

01:03I will mention that President Trump a few months ago had floated that he would consider allowing

01:07a downgraded version of this Blackwell processor to be sold into China.

01:13We are, of course, still waiting details on exactly what's going to be discussed, what's

01:16going to come out of that meeting.

01:18But I know that I'm in Korea, but I will give you the Washington angle just very quickly,

01:22which is that if you're a defense hawk waking up this morning in the nation's capital, you

01:25might be in a tricky position if you've previously advocated against these types of sales over

01:31national security concerns.

01:32So that is something to watch really closely here, how the administration frames the issue

01:36around national security.

01:38Considering, Matt and Danny, a lot of their tariffs, particularly those enacted under Section

01:42232, are enacted on the grounds that there are these national security concerns when it

01:47comes to our competition with China.