U.S. President Donald Trump said his conversation with Chinese President Xi Jinping last week was friendly and he thought he could reach a trade deal with China.

Beijing was steeling itself for a first-week assault from Donald Trump. That hasn’t happened — yet — so Chinese leaders are making nice and hoping to cut a deal.

But don’t be misled by the aggrieved tone of this commentary. China’s leaders must be quietly satisfied with Mr Trump’s start. The new president did not impose fresh tariffs on day one, as some in Beijing had feared. China’s currency did not weaken. And though the Chinese stockmarket wobbled, it did not plunge.

US President Donald Trump had threatened 60% tariffs on Chinese goods on his campaign trail.

Joe Biden’s administration feared that advanced ai could secure the Chinese Communist Party (CCP) military supremacy. So America has curtailed exports to China of the best chips for training ai and cut off China’s access to many of the machines needed to make substitutes.

Markets were cautiously optmistic after Trump took a lighter approach to China on Monday. That sentiment lasted a day.

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China's relations are starting to improve with Japan, India and other countries that former U.S. President Joe Biden courted, just as Donald Trump brings his more unilateralist approach back to the Wh

Whether it is over TikTok, fentanyl or trade, Beijing might welcome a compromise to buy time to address its ailing economy and bolster its position globally.

While the Footsie is near all-time highs, there are still opportunities for British value investors. Here’s a look at three UK shares that are dirt cheap.