China

Canada is reopening its doors to Beijing after months of tension. According to Reuters, Ottawa is moving away from a wait-and-see strategy with Washington and is now pushing to quickly rebuild trade ties with China – despite Donald Trump’s new tariffs.

Carney and Li: Tariffs, Canola, and EVs on the Table
Prime Minister Mark Carney met Chinese Premier Li Qiang on the sidelines of the UN General Assembly in New York. He called the talks “very constructive” and hinted at an upcoming meeting with President Xi Jlnping.
The discussions centered on tariffs on steel, electric vehicles, and agricultural exports. Ottawa confirmed agriculture as a top priority, which immediately moved markets – Chinese canola meal futures dropped 3.1% within hours. Analysts say canola could be the first signal of a revived trade channel between the two countries.
Li reminded Carney of Beijing’s conditions: Ottawa must respect China’s “core interests” and build a solid political foundation for economic cooperation. According to Li, China-Canada trade has already grown strongly this year, with room to maintain the momentum.

Washington Still Stuck on Boeing
Unlike Canada, the U.S. has yet to finalize a major Boeing deal with Beijing. U.S. Ambassador to China David Perdue said both sides are close to an agreement that could include as many as 500 aircraft, but negotiations have dragged on for years.
While Trump’s tariffs complicate relations with both China and Canada, Xi Jlnping’s export engine is running full speed. Despite five months of tariff battles, China is on track for a record $1.2 trillion trade surplus. Exports to the rest of the world – excluding the U.S. – are up nearly 10% this year, the fastest pace since the pandemic-driven boom in 2022.

#Canada , #GlobalMarkets , #Tariffs , #Geopolitics , #china

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Back in the year 2000, the United States’ trade volume was nearly 4x that of China. Fast forward to today — China has not only caught up but has surpassed the U.S. by over $1 trillion. 📈🔥 This dramatic reversal is reshaping global power dynamics.
The U.S., once the undisputed trade leader, is now facing the same realization Russia did after years of conflict: its superpower aura is fading. Over the past two decades, America has hollowed out its industrial chain, choosing to rely on the dollar 🏦 and financial hegemony instead of manufacturing. But against China’s industrial might, this foundation looks increasingly fragile.
🇨🇳 Today, China manufactures one-third of all global goods — more than the U.S., Japan, South Korea, and Germany combined. In cars alone, China’s capacity could supply half the world’s demand 🚗⚡. With 108 auto brands competing and giants like BYD building their own ships to export 1M cars per year, the scale is unmatched.
So, was Trump’s push for “Made in America” 🇺🇸 wrong? Not at all. Even if difficult, it may be the only way forward. Without rebuilding its manufacturing backbone, the U.S. risks becoming dependent while China tightens its grip on global trade.
💡 The numbers don’t lie: the “China Threat Theory” isn’t just a slogan anymore — it’s today’s reality.
#GlobalEconomy #China #US #TradeWar #ManufacturingPower 🚀

The gold market has reached a new milestone. The price of the precious metal surged to $3,830 per ounce, marking an all-time high. In September alone, gold gained more than 10%. The rally is fueled not only by inflationary concerns but also by geopolitical shifts, with China playing a central role.

Beijing wants the world’s gold reserves
The People’s Bank of China (PBOC), through the Shanghai Gold Exchange (SGE), is offering countries the option to store newly acquired gold directly on Chinese territory. Reports suggest at least one Southeast Asian nation has already expressed interest.
The goal is to provide an alternative to traditional vaults in the U.S., U.K., or Switzerland while boosting the yuan’s position in global trade. Beijing’s strategy is part of its broader plan to weaken the dominance of the U.S. dollar.

China expands while the West holds the lead
London and the Bank of England remain the largest players, holding over 5,000 tons of gold, valued at nearly $600 billion. China ranks only fifth in central bank reserves but dominates global demand — from jewelry to bullion and investment products.
The PBOC has also opened its first offshore vault in Hong Kong and launched yuan-based contracts. Import restrictions were eased to ensure gold flows into the country. Prices have nearly doubled in just two years, and analysts such as Goldman Sachs forecast a potential rise to $5,000, should even 1% of U.S. Treasury holders move into gold.

Gold outpaces currencies and time
The rally is not limited to the dollar. Gold has hit record highs in British pounds (2,800 GBP) and surged in Swiss francs, long seen as one of the hardest currencies. Since the start of the year, gold has gained 25% in francs, 33% in pounds, and an astonishing 44% in dollars.
History shows gold thrives when confidence in fiat currencies erodes. After peaking in the 1980s, it slumped for two decades, bottoming out in 1999, before roaring back amid China’s rise and Western debt. The 2008 financial crisis triggered another surge, followed by a correction until 2016. The real turnaround came in 2024, when geopolitics and inflation reignited demand.

Gold as the ultimate safe haven
Today’s rally is primarily driven by mistrust in the financial system. Non-Western central banks, wary of U.S. monetary dominance, are buying gold — a bearer asset that cannot be frozen, sanctioned, or manipulated.
The only factor that could reverse the trend would be genuine fiscal discipline from governments. But as long as nations keep piling on debt, gold will maintain its status as the ultimate safe haven.

#GOLD , #china , #markets , #Inflation , #Geopolitics

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The long-anticipated meeting between President Donald Trump and Chinese leader Xi Jlnping will not take place this year. According to U.S. Ambassador to China David Perdue, talks are now more likely to occur in 2026.

Ambassador dispels speculation
At a press conference in Beijing, attended by a rare delegation of U.S. lawmakers, Perdue stated: “We look forward to the meeting, as President Trump mentioned… but certainly next year.” His remarks dismissed earlier reports suggesting the summit could happen this fall.
The uncertainty follows a phone call between Trump and Xi, in which the U.S. side spoke of an agreement to meet soon. However, Beijing’s statement made no reference to such an arrangement.

Delegation presses Beijing
This was the first visit to China by members of the U.S. Congress since 2019. The delegation was led by Democrat Adam Smith, the ranking member of the House Armed Services Committee, accompanied by one Republican.
Talks with Chinese officials focused on:

🔹 TikTok – the U.S. warned that unless the app’s American assets are sold to a U.S. owner, a nationwide ban will follow

🔹 Fentanyl – Washington demanded that China halt exports of precursor chemicals fueling the opioid crisis

🔹 Trade barriers – pressure to remove non-tariff restrictions blocking U.S. companies from entering Chinese markets

🔹 Rare earths – concerns about China’s export controls and near-total dominance in this critical supply chain
Smith stressed that the main goal of the trip was to reopen serious lines of communication with Beijing, particularly on security and economic issues.

Taiwan tensions and military dialogue
Security in the Indo-Pacific was another major topic. Military-to-military communication channels were frozen after Nancy Pelosi’s visit to Taiwan in 2022 and reopened only at the end of 2023.
The delegation met with Chinese Defense Minister Dong Jun, who welcomed the visit as a “positive step in strengthening communication.” U.S. lawmakers made it clear that their military presence in the region is not hostile and emphasized that Trump seeks a peaceful resolution of Taiwan’s status, rejecting the idea that war with China is inevitable.

While the Trump–Xi summit has been postponed, the U.S. lawmakers’ visit to China signals an effort by both sides to keep dialogue alive. The key question remains whether contentious issues — from trade and TikTok to Taiwan — can be addressed.

#TRUMP , #china , #tiktok , #Geopolitics , #CryptoNews

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