World Business Report US-China trade war: The beginning of the end?
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Jun 6, 2025 US-China trade talks are on the horizon, sparking hope for an end to the tariff disputes. The intrigue deepens with a clash between Donald Trump and Elon Musk, raising questions about future tech policies. Meanwhile, Botswana grapples with a diamond production halt due to declining demand. In the tech realm, driverless trucks are being tested in China, showcasing significant advancements in autonomous transport. As job market data reveals surprising growth, tensions are building over the implications for monetary policy and regulation.
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Complexities of US-China Trade Talks
- After a Trump-Xi phone call, the US-China trade talks resumed in London to de-escalate the tariff war.
- Despite progress, strong rhetoric and detailed complexity could still cause trade tensions to fluctuate.
Trump-Musk Rift Won't Shift Policies
- Elon Musk's exit from the White House won't drastically change Trump administration policies.
- The policies are rooted in 'Project 2025' and a tech-right and populist right alliance that predates Musk's role.
Botswana's Diamond Pause Impact
- Botswana, a major diamond producer, halted some mine production due to demand drop and lower diamond prices.
- The country relies heavily on diamond revenue to fund public services and education.