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Canada’s Carney Meets Xi, Hints at Easing Tariffs and Energy Collaboration

The post Canada’s Carney Meets Xi, Hints at Easing Tariffs and Energy Collaboration appeared com. COINOTAG recommends • Exchange signup 💹 Trade with pro tools Fast execution, robust charts, clean risk controls. 👉 Open account → COINOTAG recommends • Exchange signup 🚀 Smooth orders, clear control Advanced order types and market depth in one view. 👉 Create account → COINOTAG recommends • Exchange signup 📈 Clarity in volatile markets Plan entries & exits, manage positions with discipline. 👉 Sign up → COINOTAG recommends • Exchange signup ⚡ Speed, depth, reliability Execute confidently when timing matters. 👉 Open account → COINOTAG recommends • Exchange signup 🧭 A focused workflow for traders Alerts, watchlists, and a repeatable process. 👉 Get started → COINOTAG recommends • Exchange signup ✅ Data‑driven decisions Focus on process-not noise. 👉 Sign up → Canada’s Prime Minister Mark Carney met with Chinese President Xi Jinping at the Asia Pacific Economic Cooperation summit in South Korea, restarting high-level talks after eight years. Discussions focused on trade barriers like tariffs on electric vehicles and agriculture, aiming to foster cooperation in clean energy sectors without immediate resolutions. Historic Restart: First official talks in eight years between Canada and China leaders. Key issues addressed include tariffs on EVs, steel, aluminum, and Canadian canola exports. Potential for collaboration in offshore wind and battery storage technologies, vital for global clean energy transitions. Discover how Mark Carney’s meeting with Xi Jinping could reshape Canada-China trade ties, impacting EVs and clean energy. Explore key outcomes and future implications for businesses-stay informed on global economic shifts today. What was discussed in Mark Carney’s meeting with Xi Jinping? Mark Carney’s meeting with Xi Jinping marked the first high-level dialogue between Canada and China in eight years, held during the Asia Pacific Economic Cooperation summit in South Korea. The talks aimed to reestablish communication at the top levels, addressing longstanding trade tensions without expecting.

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Japanese Yen posts modest gains above 152.50 despite trade optimism

The post Japanese Yen posts modest gains above 152. 50 despite trade optimism appeared com. The USD/JPY pair trades with mild losses near 152. 75 during the early Asian session on Tuesday. Nonetheless, the potential downside might be limited by optimism over a potential US-China trade deal. Traders will closely monitor the Federal Reserve (Fed) interest rate decision later on Wednesday. On Thursday, the Bank of Japan (BoJ) interest rate decision and the meeting between US President Donald Trump and Xi Jinping will be the highlights. The US and China reached a preliminary agreement that would prevent a new round of tariffs and keep critical rare earth mineral supplies flowing to the US from China. Trump said on Monday that “I really feel good” about a deal with China, after officials unveiled a slew of agreements to ease tensions. Trump will meet Chinese President Xi Jinping later on Thursday to decide on the framework of a trade deal. Positive developments to defuse trade tensions could boost risk appetite and undermine safe-haven currencies like the Japanese Yen (JPY). The Fed is widely expected to cut interest rates by 25 basis points (bps) at its meeting ending on Wednesday. This would be the second rate reduction of the year, bringing the Federal Funds Rate target range down to 3. 75% to 4. 00%. Most economists anticipate additional rate cuts later in the year and into 2026. On the JPY’s front, the expectation that Japan’s new Prime Minister Sanae Takaichi would maintain expansionary spending policies and resist early tightening could weigh on the JPY and create a tailwind for the pair. Reports suggest Takaichi may unveil a major stimulus package as soon as next month, potentially exceeding last year’s 13. 9 trillion Yen program aimed at easing inflationary pressures on households. The BoJ is broadly expected to hold its interest rate steady at 0. 5% at its upcoming policy meeting on Thursday. Traders will.