onsdag 26. november 2025

Trump’s Xi and Takaichi calls ring market alarm bells

President Donald Trump picked up the phone twice in one day on Monday — first to China’s Xi Jinping, then to Japan’s Sanae Takaichi — with the world’s most important trading relationships sitting on a fault line.

Investors should treat these calls as a market event and not as choreography or routine diplomacy. Indeed, when a US president interrupts the machinery of government to steady two rival Asian powers, it reveals something fundamental about the global economy’s current strain. The Taiwan question has moved from a geopolitical issue to a force with direct influence on trade, currency behavior, inflation expectations and the future of AI and tech. Investors can’t afford to underestimate the velocity with which strategic tensions are starting to shape market outcomes.

The trio at the center of this moment — Washington, Beijing and Tokyo — anchors the world’s supply chains and price structures.