00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Trump and Chinese leader Xi Jinping agreed Thursday to extend an existing U.S.-China
00:08trade agreement by two months, pushing its expiration to January 10th as the two countries
00:13seek a broader deal, according to the Wall Street Journal. The leaders discussed artificial
00:18intelligence risks while Xi urged the U.S. to oppose Taiwan independence and warned against
00:24a zero-sum gladiatorial contest between the two powers. China has agreed to buy 25 million
00:30tons of U.S. soybeans, but remains behind schedule on about $17 billion in other farm commitments,
00:36according to Treasury Secretary Scott Besant. The summit produced few other concrete outcomes
00:42on disputes involving trade, technology, and Beijing's support for Iran. The U.S. and China
00:48remain locked in an AI race, with Xi calling for the technology to stay under human control
00:53while Trump favors continued competition for supremacy. For all things money, visit Benzinga.com.
