June 24, 2026
US President Donald Trump will meet Chinese counterpart Xi Jinping this week for talks in Beijing
The agreement will require EU industries to cut emissions by 85% and, from 2036, to pay non-member countries to cut emissions on their behalf
Nvidia's AI chips have been a key focus of US export controls in an effort to keep ahead in the AI race
Trump told reporters that sectoral tariffs on pharmaceuticals and semiconductor chips would also start at "25% or higher, and it will go very substantially higher over the course of a year"
