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China cozies up as Trump touts delegation of richest business heavyweights at Xi summit
US-China trade: Nvidia chips, auto market, IP theft underscore complex relationship
U.S.-China trade discussions intensify as President Trump’s administration navigates complex issues, including U.S. Commerce Department’s decision to allow Nvidia H200 chip sales to 10 Chinese firms. Experts also warn against allowing Chinese electric vehicles into the American market, citing intellectual property theft concerns. Geopolitical and economic stability for both nations remain central to the ongoing talks.
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As details emerge from President Donald Trump’s meeting with Chinese President Xi Jinping, a key reality is coming into focus: China still wants U.S. business and Trump may have the upper hand.
Trump’s high-profile business delegation highlights the economic balancing act the two nations are seeking to strike. Xi wants investment and continued access to American corporate power, while Trump is positioning himself to use trade pressure and market access as leverage with Beijing.
The heavyweight lineup alongside Trump for the trip includes tech executives like Apple’s Tim Cook, Tesla and SpaceX’s Elon Musk, Nvidia’s Jensen Huang, Micron’s Sanjay Mehrotra and Meta’s Dina Powell McCormick.
The overlap between politics and business was clear even before the meetings began. Huang was reportedly added to Trump’s trip at the last minute. He even secured a seat on Air Force One — a sign of Nvidia’s central role in the global chip race and broader U.S.-China tech tensions.
TRUMP GETS RED-CARPET WELCOME IN CHINA, BUT PAST BEIJING TRIP SHOWS PAGEANTRY ONLY GOES SO FAR
Elon Musk, the world’s richest person, arrived in Beijing aboard Air Force One as part of President Donald Trump’s delegation for talks with Chinese President Xi Jinping. (Johannes Neudecker/picture alliance/Getty Images)
Also on the trip were Blackstone’s Stephen Schwarzman, BlackRock’s Larry Fink, Citigroup’s Jane Fraser and Goldman Sachs’ David Solomon.
Many joining the president rank among the world’s wealthiest business leaders. Musk, for example, is the richest person in the world, according to the Bloomberg Billionaires Index, while Schwarzman and Huang have amassed fortunes in the tens of billions.
Together, the group represents trillions in corporate power with deep business ties to China despite years of trade tensions between the world’s two largest economies. Their companies still rely heavily on Chinese consumers, manufacturing and supply chains, even as Washington and Beijing clash over tariffs, technology and national security.
That influence is already showing up in the talks.
Both sides discussed expanding access for U.S. companies into Chinese markets, a top priority for executives on the trip. Xi said his opportunities in his country «will only open wider and wider,» according to Chinese state media.
‘INTENSE STANDOFF’ ERUPTS BETWEEN SECRET SERVICE, CHINESE OFFICIALS DURING TRUMP-XI EVENT: REPORT
Nvidia CEO Jensen Huang arrived with President Donald Trump’s delegation to Beijing, China. (Alex Wong/Getty Images)
At the same time, Washington is weighing steps that directly affect those firms. The U.S. could allow Nvidia to sell its H200 chips, a step below its most advanced semiconductors, to a limited number of Chinese companies, according to Reuters, even as broader disputes over artificial intelligence and export controls remain unresolved.
They also discussed increased Chinese investment in the U.S. and purchases of American goods, including beef, soybeans and Boeing aircraft, long-standing trade pressure points.
But the cooperative tone was also laced with threats.
Xi warned against a potential clash between the U.S. and China and delivered a blunt message on Taiwan, a key flashpoint and hub for advanced semiconductor production.
That mix of outreach and tension is where Trump sees an opening.
President Donald Trump and Chinese President Xi Jinping represent the world’s two most powerful economies. (Brendan Smialowski – Pool/Getty Images)
If U.S. companies are still seeking access and Beijing is signaling it wants them there, Trump can argue economic pressure is working — strengthening his case for tariffs, export controls and tougher trade terms.
Executives are pushing for greater access and stability in China while navigating a U.S. strategy built on economic pressure and national security concerns — underscoring both the importance of the market and the leverage Washington believes it holds.
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Trump has already invited Xi to visit the White House in September, signaling more talks ahead. For now, Beijing’s message is clear: China still wants American business.
tim cook, donald trump, trade, elon musk, xi jinping
INTERNACIONAL
Los precios del petróleo suben ante la preocupación por los planes de reapertura del estrecho de Ormuz
El precio del petróleo subió este viernes en medio de nuevas preocupaciones por la apertura del estrecho de Ormuz, luego de que Irán, en coordinación con Omán, propusiera prohibir el paso de buques considerados hostiles y aplicar fuertes multas a quienes violen las reglas propuestas. El régimen persa mantiene un cierre de facto de la vía marítima estratégica desde el 28 de febrero de 2026.
Los futuros del crudo Brent, de referencia europea, ascendieron 80 centavos, o 0,97%, hasta 83,29 dólares el barril, mientras que el West Texas Intermediate (WTI) de Estados Unidos subió 64 centavos, o 0,83%, hasta 77,93 dólares.
El jueves, los futuros del petróleo cerraron con un alza superior a los 3 dólares por barril después de que Irán analizara un proyecto de ley para prohibir el paso de buques estadounidenses e israelíes por el estrecho de Ormuz, canal donde transitaba cerca de una quinta parte del petróleo y gas natural licuado mundial antes del inicio de la guerra en Medio Oriente a fines de febrero.
Los precios habían caído a principios de semana ante la posibilidad de una solución al conflicto, pero el Brent superó los 80 dólares el jueves tras haber caído por debajo de ese umbral por primera vez desde el 13 de julio. Ambos referenciales se encaminan a cerrar la semana con una caída cercana al 8%.
Las tensiones entre Irán y Estados Unidos mantienen la atención del mercado energético tras la presentación de un borrador de plan iraní que propone restringir el tránsito por el estrecho de Ormuz.
Analistas coinciden en que las hostilidades entre ambos países persisten. Lin Ye, vicepresidente de mercados de materias primas y petróleo en Rystad Energy, explicó que la reciente reacción de los precios del petróleo está vinculada a la difusión del plan iraní. “El detonante inmediato es más específico, está reaccionando al plan publicado por Irán para las condiciones de tránsito en Ormuz, que prohibiría buques estadounidenses e israelíes y exigiría a otros países ‘hostiles’ pagar compensaciones antes del paso”, declaró Ye en diálogo con Reuters. El ejecutivo remarcó: “Eso no es el mercado descontando un mal acuerdo, es la confirmación de que lo que surja será un corredor gestionado o condicional, no una restauración del flujo normal”.
Un legislador iraní informó que una comisión parlamentaria evalúa un proyecto preliminar que prohíbe el tránsito de barcos estadounidenses, israelíes y de otras naciones consideradas hostiles por el Parlamento de Irán. Este proyecto prevé multas de hasta el 20% del valor de la carga para quienes violen estas restricciones, informó la agencia Fars.
Según un alto funcionario iraní, Irán aspira a cobrar tarifas de entre el 5% y el 7% del precio de las cargas a los buques que utilicen el estrecho. Por su parte, Omán discute fijar tarifas cercanas al 3%, mientras que Washington rechaza cualquier tipo de cobro. Cuatro fuentes del sector consultadas por Reuters advirtieron que el acuerdo propuesto enfrenta dificultades de implementación debido a las sanciones de Estados Unidos y a las cláusulas restrictivas de seguros sobre cualquier pago.
Vandana Hari, fundadora de la consultora Vanda Insights, afirmó que “las señales de esta semana sobre un posible acuerdo de tránsito Irán-Omán han causado oscilaciones en la percepción del mercado, pero hasta ahora dejan sin claridad qué condiciones se necesitan para concretar el entendimiento”.
En paralelo, los hutíes de Yemen informaron sobre ataques con misiles y drones contra “despliegues sauditas” en las regiones de Marib y Hadramout, según reportó Reuters. El presidente de Estados Unidos, Donald Trump, declaró el jueves ante periodistas que considera que “la guerra terminará pronto”.
(Con información Reuters)
Europe
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U.S. Senator Marsha Blackburn, R-Tenn., cruised to victory in a GOP primary on Thursday evening in a race to replace outgoing Tennessee Gov. Bill Lee.
With the nomination in tow, Blackburn is likely to become the next governor in the Volunteer State — a state that hasn’t elected a Democrat to its top executive role since 2006.
Lee, who has served in the role since 2019, is term-limited and cannot seek re-election. He last won reelection in a 64.9% to 32.9% victory over Democratic challenger Jason Martin, a businessman and doctor.
DEMS RALLY AROUND BEST HOPE TO DEFEND GOVERNOR’S MANSION FROM GOP TAKEOVER
Republican Sen. Marsha Blackburn of Tennessee is running for governor in the 2026 race to succeed term-limited GOP Gov. Bill Lee. (Joe Raedle/Getty Images)
Notably, Lee did not endorse anyone in the three-way Republican race for the 2026 nomination but noted that he had a close relationship with Blackburn when she announced her candidacy.
«I’ve been friends with Marsha for a long time, and she served as my congressman and representative in the General Assembly. I’m proud we have really good people running for governor in this state,» Lee told local outlets.
Blackburn, for her own part, promised to continue focusing on issues that Republicans have made centerpieces to the GOP platform in Washington, D.C.
She highlighted immigration as one such issue.
«As governor, I’ll deport illegals, stop the flow of drugs and drug money. We will crack down on Cartels, restrict cash transfers to drug havens and hit criminals and illegals where it hurts — in their wallets,» Blackburn said in a campaign video.
Blackburn also promised to prevent China from buying up Tennessee land, punctuating her commitment with a viral ad where she crushed a fortune cookie.
«It doesn’t take a fortune cookie to figure it out. Here in Tennessee we’re going to stop communist China and protect Tennessee land,» she remarked.
President Donald Trump also did not issue an endorsement in the race, saying that he had ties to one of Blackburn’s challengers: Rep. John Rose, R-Tenn.
TRUMP MAY HAVE ENDORSED DARLINE GRAHAM, BUT GOP SENATE HOPEFULS AREN’T BACKING DOWN
Sen. Marsha Blackburn walks out of the Senate Chambers during a vote at the U.S. Capitol Building in Washington, D.C., on October 27. (Anna Moneymaker/Getty Images)
Rose, an 8th-generation farmer and the millionaire founder of Transcender Corp., an IT certification company, has served in the Tennessee legislature since 2019. In his gubernatorial campaign, he pitched himself as a homegrown candidate focused on local solutions to local problems.
«I know that anything is achievable in Tennessee because I have lived it. Now, I’m asking for you to give me the chance to bring opportunity to all Tennesseans,» Rose said in a campaign video.
On his website, Rose highlighted five key areas of focus, including education, infrastructure, healthcare, energy and economic and community development.
A third candidate, State Rep. Monty Fritts, had run on a more aggressive, small-government platform.
«My number one priority is leaving more money in your pockets, in your purses and in your country bankrolls rather than sending it to Nashville,» Fritts said in a campaign video.
On his website, Fritts touted positions like shrinking the size of Tennessee’s budget, protecting citizen rights against encroaching government power and increasing parent input in education.
Fritts attracted controversy earlier this year when, as part of his campaign, he called for a ban on mosques and other «pagan religions.»
5 MEXICAN CARTEL BOSSES CHARGED IN WEAPONS, DRUG TRAFFICKING, TIMESHARE FRAUD SCHEMES, DOJ SAYS
State Capitol Building Nashville Tennessee USA. (Photo by: Andrew Woodley/Universal Images Group via Getty Images) (Andrew Woodley/Universal Images Group via Getty Images)
«Islam is a little different story than perhaps other religions are, in that it’s not necessarily a religion; it’s a political movement,» Fritts said. «It’s that movement that, if you don’t submit, perhaps you are executed. I feel that Islam is incongruent with both our U.S. and Tennessee Constitution,» Fritts told local outlets.
Having cleared the primary, Blackburn will run in the state’s general election on Nov. 3 against her Democratic opponent, Memphis City Councilwoman and Chief Public Defender Jerri Green.
gubernatorial, tennessee, politics
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