US-China Trade

Extending restrictions from computing power into pharmaceutical research capability means the target of US-China friction is shifting from physical equipment toward irreplaceable knowledge assets. The carve-out reveals how US policymakers balance economic pressure against pharmaceutical revenue in China.

US Treasury Secretary Bessent has described talks with China as productive, with global equities advancing ahead of an upcoming Trump-Xi meeting. Markets are sending cautious optimistic signals on the outlook for US-China economic relations.

Nvidia CEO Jensen Huang joins Trump’s China delegation, highlighting semiconductors as central to US-China relations.