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Bloomberg has learned that China wants to see a number of steps from President Trump’s administration before it will agree to trade talks, including showing more respect by reining in disparaging remarks by members of his cabinet. Other conditions include a more consistent US position and a willingness to address China’s concerns around American sanctions and Taiwan. Beijing also wants the US to appoint a point person for talks who has the president’s support and can help prepare a deal that Trump and Chinese leader Xi Jinping can sign when they meet.
Meanwhile, semiconductors stocks dropping in premarket trading on Wednesday after Nvidia said the US government is restricting the export of its H20 chip to China. The sector was also weighed down after ASML reported quarterly bookings well estimates.
Today’s guests: Janet Henry, HSBC; Ipek Ozkardeskaya, Swissquote Bank; Phoenix Kalen, Societe Generale
Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:01:05 – Nvidia reveals new China chip curbs
00:02:20 – ASML 1Q bookings miss estimates
00:03:46 – Trump presses China for trade talks
00:07:22 – EU, US talks make little progress
00:09:13 – Janet Henry, HSBC
00:19:34 – UK inflation undershoots
00:23:44 – China open to talks if Trump shows respect & names point person
00:24:19 – Headlines
00:25:25 – ASML 1Q bookings miss estimates
00:27:43 – Nvidia reveals new China chip curbs
00:28:21 – Ipek Ozkardeskaya, Swissquote Bank
00:33:39 – Credit curve bear flattens by a record
00:39:55 – China open to talks if Trump shows respect & names point person
00:42:37 – Phoenix Kalen, Societe Generale
——–
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