Suzanne, it sounds like cankicking might
become the new policy.
>> Well, very much so. I mean, we know that
this trade truce, if you like, has
recently been extended until November.
And those comments there from the
Treasury Secretary suggest that there is
no rush to change things before then.
Um, as he said there, uh, it's working
well as they see it. And I think the
real focus now is whether a a planned
possible summit between President Trump
and Xi Jinping takes place before the
end of the year. We are expecting that
may take place. Um there are some
wrinkles though. We've heard some
complaints uh by US soybean producers
for example that China isn't buying
their soybeans and this could become and
increasingly become uh an issue um for
some US exporters.
>> So on that side of things you have the
China and US trade talks going on but
Suzanne it also seems like amid this you
have India talking about closer trade
ties to China. That's another sticking
point for the US where those
negotiations remain. What does it say
about the US and India if you do have
what seems to be like a push for them to
look elsewhere?
>> Absolutely. That's what we're seeing
now. India obviously was quite surprised
by the level of tariffs um that were
imposed by Washington on New Delhi and
yes it's this week we saw talks at this
very senior level between India and
China in New Delhi. uh India is
obviously making sure it is uh looking
elsewhere in case the trade relationship
that it has with the United States
deteriorate even further. Now I mean one
of the big beefs that Donald Trump has
with India is that it's purchasing
Russian oil and Bess and again uh
repeated that concern yesterday. Um of
course we know that it doesn't seem to
have the same concern with China. It's
not it has not punished China for h
purchasing Russian oil and yet it hit
India with that 50% tariff citing the
fact that it was it was buying that
Russia oil. Now India said it did its
own right to buy that oil at its
cheapest level but it does go to the
heart um of what's becoming an
increasingly fractious relationship
between um the the United States and
India.
>> Hey Suzanne, just before we let you go,
we also had filings from the White House
just laying out Trump's investments so
far for this year. What did we learn?
>> Yeah, very interesting. This is about
Donald Trump's investments in debt. Uh
both municipal debt and also corporate
holdings. Um and some interesting names
in there. Um companies like Home Depot,
um Meta, one one of the the companies of
Meta as well. And I suppose it does
raise a question of you know the US
president's investments in companies
which are being affected by his own
policies in the White House. Now, US
presidents are not obliged to divest
their assets uh when they become
president. Most presidents have done so.
So, Donald Trump h have broken with
precedent here. But this filing he was
obliged h to file h last night and this
is where we're getting those details