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Bloomberg Daybreak: Asia Edition

Biden and Xi Talk, APAC Markets

Apr 3, 2024
Michelle Jamrisko discusses Biden's talk with Xi Jinping, Mark Cudmore explores global rates, and Michael Liang talks about APAC market outlook. They touch on US-China relations, Fed rate cuts, China's semiconductor strength, and more.
21:48

Podcast summary created with Snipd AI

Quick takeaways

  • Biden-Xi call covered tariffs, tech restrictions, fentanyl cooperation, and geopolitical tensions.
  • Market uncertainties arise from Fed rate cut discussions, US economic strength, and China's challenges for investors.

Deep dives

Biden-Xi Call Focuses on Key Issues

The recent call between President Biden and Chinese President Xi highlighted key topics such as tariffs, export controls, data security concerns including TikTok, election interference, and geopolitical issues like the South China Sea. While both sides discussed cooperation on combating fentanyl and drug trafficking, tensions persisted on various fronts like tech restrictions and geopolitical stances.

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