China agrees to buy billions in US farm products. India’s AI miss puts its stock market at risk. A Swatch craze causes global store shutdowns. Listen to the day’s top stories.
China agreed to buy at least $17 billion in American agricultural products annually through 2028, the US announced, while Beijing said it had agreed to ease some tariffs on unspecified products after the summit. President Lai Ching-te reaffirmed Taiwan’s sovereignty as Donald Trump weighs a $14 billion arms sale to Taipei. Xi Jinping is set to meet Vladimir Putin this week.
The US and Iran remain deadlocked over a deal to stop fighting and reopen the Strait of Hormuz, as regional attacks, including a drone strike on a UAE nuclear facility, escalate risks. Iraq is planning a major post-conflict crude production boost, and Trump let a Russian oil sanctions waiver lapse. European allies had opposed the waiver, while India and Indonesia had lobbied for an extension.
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