AI Summary
President Trump and China's President Xi are holding a summit following an extension of the US-China trade truce. This meeting occurs against a backdrop of a significant rise in 30-year bond yields and escalating oil prices due to tensions with Iran.
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- A global bond rout has driven the 30-year yield to a 22-year high.
- President Trump and President Xi of China are meeting today after extending the US-China trade truce.
- Elizabeth Economy discusses the diminishing leverage of Washington over Beijing.
- Oil prices are surging amid increasing tensions with Iran.
- Tech billionaire Vinod Khosla emphasizes the urgency for America to maintain its pace in the AI race.
ai raceus china relationstech industryglobal economytrade truce