Trump ready to meet with China’s Xi in South Korea, Bessent tells CNBC

Investing.comWednesday, October 15, 2025 at 1:55:55 PM
Trump ready to meet with China’s Xi in South Korea, Bessent tells CNBC
Former President Donald Trump is expressing readiness to meet with China's President Xi Jinping in South Korea, as reported by CNBC. This potential meeting is significant as it could pave the way for improved diplomatic relations between the two nations, which have been strained in recent years. Engaging in dialogue may help address critical issues such as trade and security, making this a noteworthy development in international relations.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
US buys more Argentine pesos, working on $20 billion debt facility, Bessent says
PositiveFinancial Markets
The US is taking significant steps to support Argentina's economy by purchasing more Argentine pesos and working on a $20 billion debt facility, as highlighted by Bessent. This move is crucial as it aims to stabilize Argentina's financial situation and foster economic growth, which could have positive implications for both countries.
Trump Rattles Vaccine Experts Over Aluminum
NegativeFinancial Markets
Former President Trump has stirred controversy among vaccine experts by questioning the safety of aluminum in vaccines. This debate is significant as it could influence public perception and trust in vaccination, especially amidst ongoing efforts to combat vaccine hesitancy. Experts emphasize the importance of relying on scientific evidence to ensure public health.
Jeep Parent Stellantis, Faced With Trump’s Tariffs, Shifts Auto Production From Canada to the U.S.
NeutralFinancial Markets
Stellantis, the parent company of Jeep, is moving its auto production from Canada to the United States in response to tariffs imposed by former President Trump. This shift is significant as it reflects the ongoing impact of trade policies on the automotive industry, potentially affecting jobs and production costs. By relocating operations, Stellantis aims to navigate the challenges posed by tariffs while also aligning with domestic manufacturing trends.
Bessent says US expects to finalize trade deal with South Korea in next 10 days
PositiveFinancial Markets
Bessent has announced that the United States is on track to finalize a significant trade deal with South Korea within the next ten days. This development is crucial as it could strengthen economic ties between the two nations, potentially leading to increased trade and investment opportunities. The swift progress in negotiations reflects a commitment to enhancing bilateral relations, which is beneficial for both economies.
Bunge Soars After Trump Targets Cooking Oil Imports From China
PositiveFinancial Markets
Bunge's shares are experiencing a significant rise following President Trump's threats to ban used cooking oil imports from China, which is crucial for renewable fuel production. This move is seen as a positive development for agricultural companies, as it could lead to increased domestic demand and potentially higher prices for their products. Investors are optimistic about the future of the industry, making this a noteworthy moment for Bunge and its peers.
Shutdown is costing US economy $15 billion a day, Bessent says
NegativeFinancial Markets
The ongoing government shutdown is having a significant impact on the US economy, costing an estimated $15 billion each day, according to financial expert Bessent. This situation not only affects federal employees and services but also has broader implications for businesses and consumers, potentially slowing down economic growth and leading to increased uncertainty in the market.
US-China trade tensions pose new risk to growth outlook, Fed’s Miran tells CNBC
NegativeFinancial Markets
US-China trade tensions are creating new uncertainties for the global growth outlook, as highlighted by Fed's Miran in a recent CNBC interview. This situation is significant because it could impact economic stability and market confidence, affecting businesses and consumers alike.
Tech, Crypto-Focused Bank Founded by Billionaire Trump Supporter Wins US Approval
PositiveFinancial Markets
A new bank focused on technology and cryptocurrency, backed by a billionaire supporter of Donald Trump, has received conditional approval to operate in the U.S. This is significant as it highlights the growing intersection of traditional banking with emerging tech sectors, particularly in crypto and AI, which could reshape financial services and support innovation.
Bessent Says China Tariff Truce Could Be Extended
PositiveFinancial Markets
Treasury Secretary Scott Bessent has indicated that the US is open to extending the tariff truce with China, emphasizing a desire to support rather than harm the nation. This comes as the US prepares to negotiate terms regarding the control of rare earths, a critical resource for technology. The potential delay of additional tariffs reflects a willingness to engage in dialogue, especially ahead of upcoming meetings between US and Chinese leaders in South Korea. This development is significant as it could ease trade tensions and foster cooperation between the two economic giants.
US approves new bank backed by billionaires with ties to Trump
PositiveFinancial Markets
The recent approval of Erebor, a new bank backed by billionaires with connections to Trump, marks a significant development in the financial landscape. Targeting businesses within America's innovation economy, this bank aims to support and foster growth in sectors that drive technological advancement and economic progress. This initiative is noteworthy as it reflects a growing trend of private investment in banking, potentially reshaping how businesses access capital and resources.
The IMF reckons the global economy remains ‘in flux’, but the Trump effect is real – and Australians aren’t fooled | Greg Jericho
NegativeFinancial Markets
The International Monetary Fund (IMF) has highlighted that the global economy is currently unstable, with the influence of former President Trump being a significant factor. This situation has led to a decline in the attractiveness of the US as a holiday destination for Australians, who are increasingly skeptical of the political climate. This matters because it reflects broader concerns about economic stability and the impact of political decisions on international travel and tourism, which are vital for many economies.
South Korea, US make 'meaningful progress' in tariff talks, senior Seoul official says
PositiveFinancial Markets
South Korea and the United States have reportedly made significant strides in their discussions regarding tariffs, according to a senior official from Seoul. This development is crucial as it could lead to improved trade relations between the two nations, fostering economic growth and stability in the region. The progress in these talks reflects a commitment to resolving trade issues that have been a point of contention, and it may pave the way for further cooperation in various sectors.
Latest from Financial Markets
Delaware’s Highest Court Considers Elon Musk’s Tesla Pay Plan
NeutralFinancial Markets
Delaware's highest court is currently reviewing a pay plan for Tesla's CEO Elon Musk, which has sparked significant interest among shareholders and legal experts. This case is important as it could set a precedent for executive compensation and corporate governance, impacting how companies structure pay for their top executives in the future.
Wall Street Banks Notch $15 Billion Trading Haul on Stock Rally
PositiveFinancial Markets
Wall Street banks have reported a remarkable $15 billion in trading profits, capitalizing on a strong stock market rally. This impressive performance highlights their ability to navigate market fluctuations and seize opportunities, particularly following the chaos induced by tariffs. The success in the third quarter underscores the resilience of these financial institutions and their pivotal role in the economy.
America’s Data Disaster Is Really, Really, Really Here
NeutralFinancial Markets
In the latest newsletter from the Odd Lots universe, hosts Joe Weisenthal and Tracy Alloway discuss the pressing issues surrounding America's data landscape. They delve into the implications of recent developments in markets, finance, and the economy, highlighting the importance of staying informed in a rapidly changing environment. This conversation is crucial as it sheds light on how data influences our daily lives and the broader economic context.
Baroness Mone-linked firm fails to pay £122m over PPE
NegativeFinancial Markets
PPE Medpro, a company linked to Baroness Mone, has failed to repay £122 million after breaching a Covid-19 contract. This situation raises concerns about accountability in government contracts and the implications for public trust, especially during a health crisis. The failure to meet financial obligations not only affects the company's reputation but also highlights the need for stricter oversight in the procurement of essential supplies.
CSG Sounds Out Investors for €3 Billion IPO as Soon as January
PositiveFinancial Markets
Czechoslovak Group AS, known for its armored vehicles and munitions, is exploring a potential €3 billion IPO as early as January 2026. This move could mark the first significant public offering in Europe for the new year, signaling a positive trend in the market and attracting investor interest. The company's decision to go public reflects confidence in its growth and the broader economic recovery, making it a noteworthy development for both the industry and investors.
US buys more Argentine pesos, working on $20 billion debt facility, Bessent says
PositiveFinancial Markets
The US is taking significant steps to support Argentina's economy by purchasing more Argentine pesos and working on a $20 billion debt facility, as highlighted by Bessent. This move is crucial as it aims to stabilize Argentina's financial situation and foster economic growth, which could have positive implications for both countries.