Trump-Xi summit puts US vulnerabilities on display

When US President Donald Trump last met President Xi Jinping in Busan, South Korea, on October 30 last year, the US Federal Reserve had just embarked on a monetary easing cycle. At the end of 2025, bond investors were betting that the Fed would continue reducing interest rates this year.
Fast forward to today and the financial landscape is markedly different. While investors were still anticipating cuts in borrowing costs just before the war in Iran erupted at the end of February, they are now…

المصدر: SCMP — Tech