Xi's Washington visit yields modest trade, Iran and AI agreements

  • Xi's Washington visit produced modest agreements on trade, the Iran war and artificial intelligence.
  • Treasury yields reached their highest levels since 2007 as stock futures slipped and oil rose.
  • China will report industrial profits for the first eight months on Monday.

Xi's visit to Washington produced modest agreements involving trade, the Iran war and artificial intelligence. Iran's foreign minister said Tehran is ready for a "doomsday" war with the U.S., while maintaining that diplomacy remains necessary to preserve every opportunity for peace. Stock futures slipped and oil prices edged higher as Treasury yields reached their highest levels since 2007. Beijing reportedly indicated that ByteDance and Alibaba may be allowed to purchase Nvidia's chips. Anthropic's Dario Amodei did not attend Xi's state dinner but will instead have a private one-on-one dinner with Trump, CNBC confirmed. China is scheduled to release industrial-profit data for the first eight months on Monday.

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