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Trump-Xi Summit Yields Coal-Buying Pledge As Tariff Talks Extend
The brief
- Trump and Xi pledged coal purchases as tariff talks continue after their Washington summit
- The summit aimed to stabilize ties between the world’s two largest economies
- Captive coal plants asked to maintain stocks from October 1: What it means for India's power supply
- IEX subsidiary seeks licence to launch a physical coal trading exchange
- IEX broadens its energy market footprint
- Coal India Unit SECL said to hire banks for $800 million IPO
- Coal stocks worsen as 77 thermal power plants face critical inventories
US-China summit on trade and AI
The Xi-Trump summit produced an agreed $30 billion tariff cut and plans for an AI dialogue, alongside reported consensus on Iran and military crisis prevention. Reports also cited a coal-buying pledge, while tariff talks continued and Trump rejected closer US-China AI integration.
Sunday, 27 September
Saturday, 26 September
- Trump-Xi Summit Yields Coal-Buying Pledge As Tariff Talks Extend