Chips, rare earths, tariffs: The economic implications of the Trump-Xi summit

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  Craft matters.

• 00:04

  In small ways, like how a coffee is brewed.

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  And in not-so-small ways, like how your money is cared for.

• 00:11

  Which is why for 160 years, UBS has elevated banking to a craft.

• 00:17

  Tailoring unique strategies that combine human expertise with the latest technologies.

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  All happening across 24 time zones and 12 key financial hubs.

• 00:27

  With you at the heart of it all.

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  UBS.

• 00:30

  Advice is our craft.

• 00:38

  You're listening to The Globalist, first broadcast on the 15th of May, 2026 on Monocle Radio.

• 00:44

  The Globalist in association with UBS.

• 01:08

  Live from London, this is The Globalist.

• 01:10

  I'm Fanula Sweeney.

• 01:11

  Coming up.

• 01:12

  This is an incredible opportunity for us to rely on the relationships to build a much, much better partnership.

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  So far, so good as President Trump and China's Xi hold a summit.

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  But what did it really achieve?

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  And.

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  We learned that there is one thing that the man who has everything does not have,

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  which is a Trump phone, as nobody does.

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