Trump reports that China is paying significant tariffs to the United States

Canada Eyes Asia Amid US Trade Frictions. I to have a lot of different deals. Have one. We intend we're not just doing it for our health. We're going to have some pretty important meetings. You know, China is paying us a lot of tariffs. A call for a message from President Trump ahead of his summit with Chinese President XI Jinping. But while Washington and Beijing prepare for a new round of trade talks, other countries are already repositioning for what comes next. Live from Sydney. I'm Paul Allen and this is insight, where we dive deeper into the stories that matter with crucial context and sharp analysis. Canada's international Trade minister and into who's going to join us in a moment to talk trade tensions with the US and Canada's pivot towards Asia. We'll also bring you our exclusive interview with the Vietnamese president to Lam, who says the country is very close to a trade deal with the US. We'll also hear from U.S. Trade Representative Jamison Greer on efforts to extend the US-China trade truce. Meanwhile, Asian stocks are climbing for a fifth straight session powered by technology shares. Taiwanese stocks touching a record on renewed optimism around AI driven chip demand. We're going to take on market strategy from East Spring Investments also ahead. Bloomberg's Monica Doshi going to join us from Mumbai. Monica. Oh, India is introducing new fees on larger merchant digital transactions, marking a major shift for the world's biggest real time network, UPI. We're live at the JPMorgan summit here in Mumbai with the bank's global co-head of payments, Max Neukirchen, on the implications for costs, adoption and future payments growth. Let's get to our top story today. Chinese and US officials continue to advance trade negotiations ahead of this week's presidential summit in Washington between Donald Trump and XI Jinping, two sides held a second round of trade talks in New York, focusing on AI and investments. The early meetings have remained upbeat, aiming to deliver on terms discussed by lead negotiators. Despite this, U.S. Trade Representative Jamison Greer has sounded a note of caution, telling Bloomberg that divisions remain on extending the tariff truce. We will continue to have discussions about that. Our senses, we aren't going to have the extension today, but again, we still have some time before that happens. So my expectation is we'll continue talking and I think both sides want it. I think a lot of it is because, uh, China has created this uncertainty. Uh, they've limited rare earth exports. They've controlled them. We monitor them. And I think just saying, you know, we have full trust and full confidence in each other at this point, I think is a little naive. Uh, we have a good relationship. President XI and President Trump have a good relationship, but we need these extensions or other things to go incrementally to make sure that there's compliance. Well, let's go to Washington now. And chief North Asia correspondent Stephen Engle. So, Steve, what more do we know about us