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 ...

Geopolitical Strategy - China is potentially weaponizing rare earths as a tool for economic coercion [1] - Xi Jinping appears to be guiding China towards this strategy [1] Mitigation Strategies - The West needs to find ways to protect itself from Chinese pressure related to rare earths [1]

succeed John Mueller as CEO at the start of the year. And as the market digests this weekend's big trade headlines, our next guest says that despite a 90 day tariff pause, Chinese goods are about to get a lot more expensive. David Riedel is president and founder of Riedel Research.David, welcome. It's always great to see you. Why are they going to get more expensive.>> Well, I think that, you know, industries have done what they can to absorb the tariffs. So far, companies have all worked through any invent ...

All right, so these trade talks are happening next week and already we're hearing talk about this deadline potentially being extended. Uh I want to get your take on that first. Why already look to extend the deadline when you know you're going to be talking in a few days.Well, I think they wanted to really get out ahead of what they know the markets are concerned about, what others are concerned about, and that is this this August the 12th deadline. And Frank, I think it's pretty clear that both sides here ...

US-China Trade Negotiations - The US administration showed a softening tone regarding trade negotiations with China [2] - There were signs that the US President aimed for a summit with the Chinese leader by the end of the year [3] - Easing export restrictions on Nvidia's chip exports to China was a positive sign for the Chinese government [3][4] - Further softening of export controls on Nvidia chips is possible [4] Potential Escalation Factors - An employee of Wells Fargo was stopped from exiting China, leading the company to advise employees against traveling to China [5][6] - China accused foreign agents of smuggling rare earths out of the country [7]

US-China Relations & Trade Policy - The US under the Trump administration lacked a clear China strategy, with internal divisions on how to approach the relationship [1][2] - Treasury Secretary's engagement with the Chinese Vice Premier appears to be stabilizing the relationship in the short term [3] - Both US and Chinese leaders recognize their economic interdependence, despite discomfort, making decoupling challenging [4][5] - A truce exists with a desire to maintain stability in the bilateral relationship [5] Rare Earths & Supply Chain - Diversifying rare earths and other supply chains is proving difficult and may take a generation [6] - The US remains reliant on China for materials like magnets [7] - While China has leverage in certain areas, the US can also significantly impact the Chinese economy; both countries are vulnerable and interdependent [7] Economic Impact & Global Implications - Escalation between the US and China would harm both economies and spread to Southeast Asia and the global economy [8]

Back to the big news this morning. So President Trump has posted that the framework trade agreement with China is a done deal and that will include upfront shipments of rare earths. But exact details of the pact remain fairly sketchy.Now, the President also says he will be sending letters to other trading partners in the next couple of weeks setting unilateral tariff rates. So we're dealing with Japan, we're dealing with South Korea, we're dealing with a lot of them. We're dealing with about 15 countries.Bu ...

This is your train. I'm Shery Ahn in Tokyo. I'm Heidi Stark.What's in Sydney. The top stories this hour. Asian stocks are set to start the week in positive territory as U.S. jobs data eases Recession fears.US-China trade talks is set to resume on Monday with rare earth materials in focus. President Trump says he may send Marines to join National Guard troops in Los Angeles over the objections of the state. Governor and city mayor Bloomberg reveals that metters in talks for an investment in a start up scale ...