US, China set for trade talks in London
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Export controls—a major concern for industries worldwide—are moving to the top of the agenda of trade talks between the U.S. and China on Monday. The trade war between Washington and Beijing has in recent weeks veered away from tariffs,
President Trump’s top economic advisors will meet with Chinese trade representatives in London on Monday for a fresh round of trade talks. This as Russia unleashed a massive attack on Ukraine following the latter's “Operation Spiderweb” this week.
President Trump and Chinese leader Xi Jinping spoke on Thursday, and both countries pledged to restart tariff and trade talks in the coming days. Trump hailed the call as "positive," with both leaders inviting the other to visit their respective countries.
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Gold and other precious metals rose on Friday despite a stronger U.S. dollar (DXY), while oil prices slipped but were on track for their first weekly gain in three weeks after President Donald Trump and Chinese leader Xi Jinping resumed trade talks.
Canada's main stock index rose on Thursday amid choppy trading, as investors assessed news of U.S.-China tariff negotiations and awaited key jobs data from both home and the United States. The Toronto Stock Exchange's S&P/TSX composite index was up 0.