Trump, Xi Discuss Trade, Taiwan, Markets Eye Fed Rate Cut Bets

US President Donald Trump and Chinese President Xi Jinping on Monday held their first talks since agreeing to a tariff truce last month, discussing trade, Taiwan and Russia's invasion of Ukraine. Trump said the telephone call was "very good" and that the leaders spoke about purchases of soybeans and other farm products as well as curbing shipments of illegal fentanyl. The US president said he agreed to visit Beijing in April, and that he had invited Xi for a state visit next year. "Our relationship with China is extremely strong!" Trump posted on social media. "There has been significant progress on both sides in keeping our agreements current and accurate. Now we can set our sights on the big picture." But the US president's readout of the call sidestepped one issue — the self-governing island of Taiwan — that was a central focus for Xi. The Chinese leader told Trump that the return of Taiwan to China is a key part of the post-World War II international order, according to a Chinese Foreign Ministry statement. Xi also said the two countries should keep the positive momentum generated during their meeting last month in South Korea and expand cooperation, the statement said.

There is a lot to be said about artificial intelligence. Nvidia reported earnings last week that beat analyst expectations. Also, the White House says President Trump is weighing whether to allow Nvidia Corp. to sell advanced artificial intelligence chips to China and will be the one to make a final decision on the matter. For more on the AI trade, we speak to Ritesh Ganeriwal, Syfe's Head of Investment and Advisory.

Plus: Investors are boosting bets on the Federal Reserve cutting rates next month. For more, we spoke to Rob Haworth, Senior Investment Strategy Director, U.S. Bank Asset Management Group.

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