Trump planning exec orders for AI growth

The Trump administration is readying a package of executive actions aimed at boosting energy supply to power the US expansion of artificial intelligence, according to four sources familiar with the planning.

- Reuters

BANGKOK: The US and China have signed an agreement on trade, President Donald Trump said, adding he expects to soon have a deal with India.

Commerce Secretary Howard Lutnick told Bloomberg TV that the deal was signed earlier this week. Neither Lutnick nor Trump provided any details about the agreement. "We just signed with China the other day," Trump said late on Thursday.

Lutnick said the deal was "signed and sealed" two days earlier. It was unclear if the latest agreement was different from the one Trump announced two weeks earlier that he said would make it easier for American industries to obtain much-needed magnets and rare earth minerals. That pact cleared the way for the trade talks to continue, while the US agreed to stop trying to revoke visas of Chinese nationals on US college campuses.

China's Commerce Ministry said on Friday that the two sides had "further confirmed the details of the framework." But its statement did not explicitly mention US access to rare earths, minerals used in high-tech applications that have been at the centre of the negotiations.

"China will approve the export applications of controlled items that meet the conditions in accordance with the law. The US will cancel a series of restrictive measures taken against China accordingly. It is hoped that the United States and China will meet each other halfway," it said.