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trade and political tensions with china. the move sparked a warning from beijing, which considers taiwan part of chinese territory. samira hussain has more. trade between the united states and taiwan amounts to about $75 billion a year. that number is dwarfed by china's trade with taiwan, which stands at a massive $120 billion a year. by signing this trade deal, the us is looking to build its presence in asia and rival china. taiwan for its part is looking to reduce its economic dependence on china, especially in light of the geopolitical tensions between it and beijing. unsurprising...

that gives no—one everything they want, but that's the responsibility of governing. this is a deal and it's good news, i believe, for the american people. the agreement prevents the worst possible crisis, a default for the first time in our nation's history. the two parties have untiljune 5th to reach an agreement to prevent the us government running out of money. our correspondent in washington jessica parker has more. this deal is set to raise the debt ceiling for two years. that's a big win for the white house. why? well, it means that, forjoe biden, who of course is seeking reâ...

i hear some of you guys say is, "why didn't biden say what a good deal this is?" why would biden say what a good deal it is before a vote? you think that'll help it get passed? no. katrina els told me earlier that investors around the world are welcoming the news. so i think we've seen a collective sigh of relief coming from international markets as a result of this tentative deal breaking. i think it really cements the fact that we will avoid that more calamitous situation of a us default which would have been absolutely awful for the us economy, but also for really increasing and r...

on the prize, that passing this bill, getting it to the president avoids the catastrophic thing that would hurt millions of americans. and there's a reason world leaders were worried about this. this would have impacted the global economy. something that did rally wall street though today was the chip—maker nvidia. for about five minutes it was part of the elite club of us companies worth a trillion dollars. the company's share price shot past $412 on tuesday, having risen by more than 30% since last week. other companies part of the trillion dollar club are apple, amazon and alpha...

i hear some of you guys say is, "why didn't biden say what a good deal this is?" why would biden say what a good deal it is before a vote? you think that'll help it get passed? no. katrina els told me earlier that investors around the world are welcoming the news. so i think we've seen a collective sigh of relief coming from international markets as a result of this tentative deal breaking. i think it really cements the fact that we will avoid that more calamitous situation of a us default which would have been absolutely awful for the us economy, but also for really increasing and r...