President Trump said he's ending "all trade negotiations" with Canada because of recent television ads protesting US tariffs. https://t.co/pYgKNSG98g ...

US President Donald Trump says he will immediately halt all trade negotiations with Canada https://t.co/vvbOlBEqK5 ...

China said economic momentum decelerated to its slowest pace in a year, putting Beijing on alert in the midst of hardball trade negotiations with the U.S. https://t.co/flVqG8wMxy ...

Trade Negotiations with China - Trade negotiations with China are ongoing, with potential meetings planned in South Korea [1] - The speaker expresses a positive outlook on the trade relationship with China [1] - China desires to engage in discussions [2][5] Historical Trade Imbalance - The speaker asserts that the US previously experienced significant financial losses, "hundreds of billions of dollars a year," due to trade practices with China [2] - These financial losses are claimed to have contributed to China's military development [2] Tariffs and Revenue - The speaker implemented "very severe tariffs" on Chinese goods, resulting in "hundreds of billions of dollars" in revenue during their first term [3][4] - The current administration is perceived to have weakened the impact of these tariffs through exceptions [3] - Tariffs are viewed as a source of strength and leverage in the trade relationship [5]

Core Insights - China's new export restrictions on batteries could significantly impact US companies, particularly in the context of the ongoing trade war and the increasing demand for energy storage solutions in the US [1][3][14] Export Restrictions - The restrictions, effective from November 8, cover a wide range of the battery supply chain, including large-scale lithium-ion batteries, cathode and anode materials, and battery manufacturing machinery [2][4] - Companies must obtain licenses from the Chinese Ministry of Commerce to export these goods, allowing China to selectively control exports [2][10] Impact on US Companies - Analysts indicate that the dominance of China in battery supply chains means US companies could feel the effects of these restrictions quickly, despite the measures not affecting as many industries as previous export controls [3][9] - In the first seven months of 2025, Chinese grid-scale lithium-ion batteries constituted approximately 65% of US imports, making these restrictions particularly impactful [4] Energy Demand and Battery Storage - The demand for battery storage is critical in the US, driven by a surge in energy consumption from data centers, which more than doubled their electricity usage from 2017 to 2023 and is expected to triple by 2028 [5][6] - Large-scale batteries are essential for storing excess renewable energy and maintaining grid stability, with US utility-scale battery installations reaching 26 gigawatts in 2024 [7][8] Domestic Manufacturing Challenges - Although US battery manufacturing capacity has increased, it still cannot meet domestic energy storage demand, and the new restrictions will further impact these factories [9][11] - China controls about 96% of the world's anode production capacity and 85% of cathode capacity, highlighting the reliance of US manufacturers on Chinese components [9][10] Strategic Implications - The inclusion of key battery components in China's export measures represents a significant escalation, as many companies outside China depend heavily on these materials [10][12] - The restrictions add complexity to an already tight global supply chain and emphasize the need for US companies to innovate domestically and reduce reliance on Chinese components [12][13] Geopolitical Context - Analysts view China's export controls as a strategic move to maintain its competitive edge in the battery industry while leveraging its position in trade negotiations [14] - The outcome of trade talks may influence how China decides to enforce its battery export restrictions, as seen in past negotiations regarding rare earth shipments [14][15]

There are tremendous opportunities for Canada. And I would say to Southeast Asia, and you heard me say this before, come to Canada. I mean, you know, we're here at the Milken Institute.We're talking about capital. So much of the capital today is talking about where is it that they can actually find places for global diversification. I would say Canada is a great place because the other thing we hear from so many of the capital investors here is they're looking for predictability.They're looking for countrie ...

It's 5AM in New York City. Good morning. I'm Vonnie Quinn with your Bloomberg Brief.Here's what you need to know. World leaders in New York City, the UN general assembly set to kick off in midtown manhattan. President trump is scheduled to speak playing diplomacy.The US ambassador to china says washington and Beijing are in talks for a huge Boeing aircraft order, and US stocks hit another record high of the year. Investors awaiting Fed Chair Powell speech later today and the latest PMI data. And that's wher ...

Trade Negotiations - Indian officials will request the US to ease access for thousands of skilled workers [1] - The request comes shortly after President Trump's announcement on restricting H-1B visas [1]

Core Insights - China is discontinuing an antitrust investigation into Google, indicating a potential easing of regulatory scrutiny amid ongoing trade discussions with the U.S. regarding TikTok and Nvidia [1] Group 1 - The decision to drop the antitrust probe reflects a strategic move by China as it engages in heightened trade negotiations with the United States [1] - The context of this development is set against a backdrop of increasing tensions between China and the U.S., particularly concerning technology and trade issues [1]

Sticking with that trade front, President Trump says he's spoken to Indian Prime Minister Narendra Modi, in a move that could ease tensions between the two major economies. The call came after the two nations resumed trade negotiations. Let's get more with our senior editor, Derek Wallbank, joining us for more.I mean, Derek, I found it so interesting. You can see in that social media post that he said he had a wonderful call with India's Narendra Modi. But how did that become a wonderful call.When you look ...