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Trump wants China to play a role in peace in Ukraine. Is Xi Jinping willing to help?

Trump wants China to play a role in peace in Ukraine. Is Xi Jinping willing to help?

Yahoo12-02-2025
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As the war in Ukraine grinds toward its fourth year, US President Donald Trump has made clear which world leader he thinks can help America end the conflict: Vladimir Putin's ally Xi Jinping.
'Hopefully, China can help us stop the war with, in particular, Russia-Ukraine … they have a great deal of power over that situation, and we'll work with them,' Trump told political and business elites gathered at the World Economic Forum in Davos, Switzerland last month.
Trump expressed that hope, he has repeatedly said, in a call with the Chinese leader days before being sworn in last month – and it's a subject that could be raised in the coming days as officials from around the world gather in Munich for an annual security conference.
While Trump may have complicated his plan to orchestrate peace alongside Xi by imposing a blanket 10% tariff on Chinese imports into the United States earlier this month, the war in Ukraine could be a rare issue of collaboration – especially as Beijing looks to avert deepening trade frictions.
'Given the stakes on US-China relations, if Trump prices China's cooperation as the one critical issue that could improve US-China relations, I think China will be very tempted … (and could) play a helpful role,' said Yun Sun, director of the China Program at the Stimson Center think tank in Washington. At the same time, she added, Beijing will be wary of undermining its alignment with Russia.
China has long sought to position itself as a potential peace broker in the conflict –promoting its own vaguely-worded proposal to settle the war. But in the West, its bid has so far been overshadowed by another reality: Beijing's abiding support for Putin's Russia.
The stakes would be high for Xi to risk damaging that partnership, which the Chinese leader has built up as a critical part of his broader goals to counter pressure from the West and reshape a world order in China's favor.
And a negotiating table where Xi has a prominent seat is also one where Putin, not Trump, has a staunch partner – a reality that Washington would have to navigate carefully if it doesn't want to risk isolating European allies or reach a solution that's unacceptable to Ukraine, analysts say.
'The real outcome that Beijing would like to avoid is a very much weakened Russia,' said Chong Ja Ian, an associate professor at the National University of Singapore. 'Because then … (Beijing) would be lacking one major partner.'
The future of the conflict is expected to feature heavily on the agenda of the upcoming Munich Security Conference beginning Friday in Germany, where US Vice President JD Vance is set to meet with Ukrainian President Volodymyr Zelensky. Chinese Foreign Minister Wang Yi will also lead a delegation from Beijing.
Looming over the gathering is a dramatic tone shift in Washington's approach to the war. Trump has questioned American aid to the embattled country, which his predecessor Joe Biden and US NATO allies have seen as critical to defending not just Ukraine's sovereignty and territorial integrity, but the rules-based world order.
In a Fox News interview earlier this week, the notoriously transactional Trump instead suggested that the US should be getting access to Ukraine's rich natural resources in exchange for military assistance. He also suggested that Ukraine 'may be Russian someday,' and said his administration has made 'tremendous progress' in laying the groundwork for potential peace talks with Russia and Ukraine, without providing details.
Members of the Trump administration are set to meet with Ukrainian officials in the coming days, with sources telling CNN that Treasury Secretary Scott Bessent is expected to travel to Kyiv for discussions about the country's critical mineral deposits. Trump's special envoy for Ukraine Keith Kellogg is also set to visit the country following meetings in Munich.
Zelensky has said he is willing to negotiate with Putin – but only if the US and Europe continue to support Ukraine and 'provide security guarantees,' while Russia in recent days reiterated that it would only accept a peace that saw Ukraine give up ambitions to join NATO and cede regions annexed by Russia.
But while Trump is pushing for a swift end to the war, his administration has yet to lay out specifics on what kind of peace terms they are hoping to see agreed upon.
How much Trump would look to work alongside Xi – and whether the Chinese leader is amenable – may also depend to an extent on those parameters, observers say. Western leaders in the past have tried, without success, to persuade Xi to push Putin toward a peace in line with the one advocated for by Zelensky and Ukraine.
Even as China has claimed neutrality in the conflict and called for peace, it's emerged as a key diplomatic and economic lifeline for Russia throughout the war, including by sending it dual-use goods NATO leaders have said are feeding Russia's defense sector and enabling its military. Beijing defends its trade as part of normal relations with Russia.
It's likely that in Trump's eyes, all that gives Xi leverage over Putin. But close observers of China's foreign policy say it's not so straightforward.
'Can China threaten to cut off the supply (of essential goods to Russia)? It can't, because China cannot afford a completely failed Russia,' said Liu Dongshu, an assistant professor focusing on Chinese politics at the City University of Hong Kong. He pointed to Beijing's calculus that its relations with the US and Europe have already soured to such an extent that they have no choice but to continue to back their only powerful diplomatic ally.
Xi and Putin memorably declared their 'no limits' partnership weeks before Russian tanks rolled over Ukraine's sovereign borders – a pledge made based on their shared opposition to NATO and a view that the US-led West is declining while they are on the rise.
Xi also sees Putin as a potential source of economic and diplomatic support if Beijing were ever to invade Taiwan, some observers say. Xi's ambition to take control of the self-ruling democracy may be another key reason why he would be wary of any move that could harm that relationship.
The Chinese leader may also be enjoying the war's role as a distraction for the US away from a focus on Asia and Taiwan – something the Trump's cohort, including Vice President Vance, have pointed out.
As a US senator, Vance last year argued that the US supplying Ukraine with air defense systems could hurt its ability to aid Taiwan's defense if China were to attack the island that it claims as its own.
Working with Trump to pressure Putin to a negotiating table – whatever the terms of a deal – would also mark a stark shift in Beijing's approach to the conflict so far.
Xi and his officials have used the war as a platform to promote a vision for a China-led world, one where the American alliance system has been dismantled or weakened.
'China focuses on building a coalition of non-Western nations, including influential developing countries like Brazil, to leverage the Ukraine conflict toward reshaping global security architecture and advancing an alternative vision of world order,' said Tong Zhao, a senior fellow at the Carnegie Endowment for International Peace in the US.
Beijing will have little incentive to engage in substantial cooperation with Washington for now, said Zhao, noting that its officials would, however, wait and see what benefits could be gained from any potential, broader deal-making with Trump.
That said, the current American president – a NATO critic, who has repeatedly voiced personal admiration for Putin and Xi – may be a more appealing negotiating partner for both strongmen.
Trump before taking office called for an 'immediate ceasefire and negotiations' – a position that jives with Beijing's stated stance on the war that has been criticized by the West as helpful to Russia. He's also in recent weeks echoed Moscow and Beijing's talking points, sympathizing with the Kremlin's view that Ukraine should not be part of NATO and that the war continued because America 'started pouring equipment' into Ukraine.
US lawmakers and some members of Trump's administration remain tough on both countries. But Trump's stance raises the question of whether there is a deal that Beijing, Moscow and Washington could orchestrate that would please all three – and what that could mean for Ukraine and the future of the conflict.
'You can see how each could take something from (certain peace deals) – Putin can save face, Xi and Trump can claim to be peacemakers,' said Robert Ward, director of geo-economics and strategy at the International Institute for Strategic Studies in Britain.
But there's a risk in any agreement where Russia is left in possession of the parts of Ukraine it's now occupying that this becomes 'a conflict that isn't at an end, it's just a lull,' he said.
CNN's Mariya Knight, Maria Kostenko, Frederik Pleitgen, Katharina Krebs, and Caitlin Danaher contributed to this report.
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The White House documentation released Thursday also confirmed some of the parameters of recent deals including 19%-20% rates on a range of Southeast Asian nations and an unchanged 10% rate on the United Kingdom. Dozens of other nations also saw their tariff rates upped to 15% from 10% — in line with deals sketched out in recent days that included that headline 15% tariff rate on Europe, South Korea, and Japan. But some nations were not included in Tuesday's release — those omitted included many nations with which the US currently has a trade surplus — who therefore are set to see their rates remain at 10%, in a surprise relief for some after comments from Trump in recent days suggested 15% would be his new minimum. Read more here. Trump extends Mexico's current tariff rates President Trump said he would extend Mexico's current tariff rates for another 90 days to allow for more time for negotiations. Mexico was facing tariffs of up to 35% on certain goods beginning on Friday. The reprieve came after Trump talked with Mexican President Claudia Sheinbaum. Imports from Mexico will still be subject to other tariffs, namely duties on metals and cars. President Trump said he would extend Mexico's current tariff rates for another 90 days to allow for more time for negotiations. Mexico was facing tariffs of up to 35% on certain goods beginning on Friday. The reprieve came after Trump talked with Mexican President Claudia Sheinbaum. Imports from Mexico will still be subject to other tariffs, namely duties on metals and cars. Brazil sees 35.9% of exports to US facing steeper tariff: Sources Reuters reports: Read more here. Reuters reports: Read more here. Trump: Tariffs are making 'America great and rich again' President Trump hit Truth Social again on Thursday posting that tariffs are making America "great and rich again." "ONE YEAR AGO, AMERICA WAS A DEAD COUNTRY, NOW IT IS THE 'HOTTEST'COUNTRY ANYWHERE IN THE WORLD. CONGRATULATIONS TO ALL!," Trump posted. 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The US president also had a message for Washington's federal appeal court judges, who Trump will be meeting today in order to defend his tariffs. "To all of my great lawyers who have fought so hard to save our Country, good luck in America's big case today. If our Country was not able to protect itself by using TARIFFS AGAINST TARIFFS, WE WOULD BE 'DEAD,' WITH NO CHANCE OF SURVIVAL OR SUCCESS. Thank you for your attention to this matter!" On the eve of Trump's tariff deadline the US president unleashed a flurry of surprises. With news of deals with Thailand, Cambodia and rumours of deals with Taiwan. Unless trading partners reach an agreement by tomorrow, many will face higher tariffs. What's in the US-EU trade deal depends on who is doing the talking Yahoo Finance's Washington correspondent Ben Werschkul looks into the detail of the US-EU trade deal: Read more here. Yahoo Finance's Washington correspondent Ben Werschkul looks into the detail of the US-EU trade deal: Read more here. Trump back in court Thursday to defend the tariffs he plans to impose Friday US president Trump has already started to defend tariffs via his social media app Truth Social. Trump who will be meeting with US federal appeal court judges today posted that tariffs are making "America great and rich again." "To all of my great lawyers who have fought so hard to save our Country, good luck in America's big case today. If our Country was not able to protect itself by using TARIFFS AGAINST TARIFFS, WE WOULD BE 'DEAD,' WITH NO CHANCE OF SURVIVAL OR SUCCESS. Thank you for your attention to this matter!" Trump added. Yahoo Finance's senior legal reporter Alexis Keenan breaks down President Trump's face-off with the federal appeals court judges over his tariffs: Read more here. US president Trump has already started to defend tariffs via his social media app Truth Social. Trump who will be meeting with US federal appeal court judges today posted that tariffs are making "America great and rich again." "To all of my great lawyers who have fought so hard to save our Country, good luck in America's big case today. If our Country was not able to protect itself by using TARIFFS AGAINST TARIFFS, WE WOULD BE 'DEAD,' WITH NO CHANCE OF SURVIVAL OR SUCCESS. Thank you for your attention to this matter!" Trump added. Yahoo Finance's senior legal reporter Alexis Keenan breaks down President Trump's face-off with the federal appeals court judges over his tariffs: Read more here. Pakistan and US reach a trade agreement to develop oil reserves and reduce tariffs The US and Pakistan have announced that they have reached a trade agreement that would allow Washington to develop Pakistan's untapped oil reserves and lower tariffs for the South Asian country, officials from both nation's said on Thursday. AP reports: Read more here. The US and Pakistan have announced that they have reached a trade agreement that would allow Washington to develop Pakistan's untapped oil reserves and lower tariffs for the South Asian country, officials from both nation's said on Thursday. AP reports: Read more here. EU wine, spirits to face 15% US tariff from August 1: EU official Reuters reports: Read more here. Reuters reports: Read more here. Trump tariff surprise triggers implosion of massive copper trade Bloomberg reports: The global copper market is reeling from its biggest shock yet in a year of policy surprises, violent price swings and unprecedented trade dislocation. President Donald Trump went ahead with 50% tariffs on copper imports, but exempted refined metals that are the mainstay of international trading. The move triggered a record plunge for US prices, after an unprecedented period of fat profits for traders who hurried metal to America before the levies kicked in. A large premium for New York futures over London evaporated. 'This has badly deviated from market expectations,' said Li Xuezhi, head of research at Chaos Ternary Futures Co., a unit of a commodities hedge fund in Shanghai. Those betting on higher US prices have 'wasted all their efforts' and global copper flows will return to normal, he said. Read more here. Bloomberg reports: The global copper market is reeling from its biggest shock yet in a year of policy surprises, violent price swings and unprecedented trade dislocation. President Donald Trump went ahead with 50% tariffs on copper imports, but exempted refined metals that are the mainstay of international trading. The move triggered a record plunge for US prices, after an unprecedented period of fat profits for traders who hurried metal to America before the levies kicked in. A large premium for New York futures over London evaporated. 'This has badly deviated from market expectations,' said Li Xuezhi, head of research at Chaos Ternary Futures Co., a unit of a commodities hedge fund in Shanghai. Those betting on higher US prices have 'wasted all their efforts' and global copper flows will return to normal, he said. Read more here. Lutnick: US made trade deals with Thailand and Cambodia Bloomberg News reports: Read more here. Bloomberg News reports: Read more here.

Organigram Global Inc. (OGI) Expands Into U.S. THC Beverage Market Across 25 States
Organigram Global Inc. (OGI) Expands Into U.S. THC Beverage Market Across 25 States

Yahoo

time10 minutes ago

  • Yahoo

Organigram Global Inc. (OGI) Expands Into U.S. THC Beverage Market Across 25 States

We recently compiled a list of the 12 Cheap Pot Stocks to Buy According to Hedge Funds. Organigram Global Inc. stands sixth on our list. Organigram Global Inc. (NASDAQ:OGI), a leading Canadian cannabis producer, is accelerating its international expansion with a strong push into the U.S. hemp-derived THC beverage market. Known for brands like Edison, SHRED, and Monjour, the company has launched a direct-to-consumer e-commerce platform for its Collective Project beverage line, now available in 25 U.S. states. This move marks a major step as the company taps into a market projected to grow from over $1 billion today to $4 billion by 2028. The platform features a range of innovative products, including 'Spark Juices,' sparkling lemonades with varying THC levels and formats. A second phase rollout will introduce 'Fetch,' a line of hemp-derived sodas expected later in summer 2025. These offerings target consumers seeking alcohol alternatives and represent a major shift in Organigram's brand strategy. As the company gains U.S. market traction, it is increasingly showing up on investor radars as one of the cheap pot stocks to buy. CEO Beena Goldenberg emphasized that while the company has built a strong brand presence in Canada, its future growth is tied to international markets. Organigram Global Inc. (NASDAQ:OGI) reported a 177% year-over-year surge in international revenue, fueled by rising sales in Germany and the U.K. Partnerships, such as the one with Sanity Group in Germany, are helping the company secure long-term supply chains and deepen European market access. A lab technician meticulously measuring and mixing ingredients to create a cannabis-infused edible. Organigram Global Inc. (NASDAQ:OGI) also continues to innovate in product development, including advances in fast-acting nano-emulsion technology to deliver a quicker, more consistent experience with cannabis beverages. With ongoing expansion efforts and new product lines, the business is targeting a half-billion-dollar annual revenue run rate, positioning itself as a major player in the evolving global cannabis market. While we acknowledge the potential of OGI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.

Lufax Holding Ltd (LU) Sells $64M in Bad Loans to Cut Credit Risk, Stabilize Outlook
Lufax Holding Ltd (LU) Sells $64M in Bad Loans to Cut Credit Risk, Stabilize Outlook

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time10 minutes ago

  • Yahoo

Lufax Holding Ltd (LU) Sells $64M in Bad Loans to Cut Credit Risk, Stabilize Outlook

We recently compiled a list of the 10 Best Low Cost Stocks To Buy Under $50. Lufax Holding Ltd stands fourth on our list. Lufax Holding Ltd (NYSE:LU), a leading Chinese fintech firm serving small and micro businesses, is undergoing strategic shifts to navigate a challenging market in 2025. A key recent development was the sale of non-performing loans (NPLs) through its subsidiary, Ping An Consumer Finance. The transaction involved offloading 469 million yuan in NPLs for 36.44 million yuan to Sh China Merch Ping An Asset Management. This move reduced credit risk and supported a drop in the company's loan portfolio by 18%, helping stabilize investor sentiment amid asset quality concerns. In addition to asset optimization, Lufax Holding Ltd (NYSE:LU) is focusing on digital transformation through new partnerships and AI-driven innovation. These efforts aim to boost operational efficiency and profitability while enhancing its competitive edge in a crowded fintech market. The business is also pursuing cost-cutting measures as part of a broader strategy to improve earnings. Despite these positive steps, cheap stocks to buy like Lufax Holding Ltd (NYSE:LU) saw sharp declines in late July, dropping over 11% and 12% on back-to-back days. The sell-off reflected investor concerns over limited near-term catalysts and persistent pressure from traditional banks. An individual using a laptop to access the fintech platform to manage their finances. Looking ahead, the corporation plans to continue managing credit risk proactively, expand its digital offerings, and pursue strategic partnerships. These efforts are expected to support earnings growth and may enable the resumption of dividends by the end of the 2025 fiscal year. While we acknowledge the potential of LU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.

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