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Trump on 60 Minutes: a return to war with Iran is unlikely; talks with Xi and Putin ahead

Donald Trump told CBS's 60 Minutes that a US return to war with Iran would be very unlikely if talks continue. He said he expects to speak with Xi Jinping and Vladimir Putin and backed Nvidia CEO Jensen Huang.

Published: 2 min read10 views
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Trump on 60 Minutes: a return to war with Iran is unlikely; talks with Xi and Putin ahead
Contents
  1. Summary
  2. Iran: a return to war is "very unlikely"
  3. Asia trip: talks with Xi and Putin
  4. Nvidia and AI
  5. Possible market impact

Summary

US President Donald Trump spoke to CBS's 60 Minutes about Iran, his upcoming Asia trip, artificial intelligence and his cabinet. His tone on Iran was softer than in recent days.

Iran: a return to war is "very unlikely"

Trump said that if negotiations with Iran continue, a US return to war would be "very unlikely". He also noted that many people were unhappy with recent remarks on Iran by Vice President JD Vance.

The comments come a day after the US Secretary of State called the talks unproductive. Asked whether Marco Rubio would remain Secretary of State, Trump said: "I think so."

Asia trip: talks with Xi and Putin

Trump said he expects to speak with Chinese President Xi Jinping and Russian President Vladimir Putin — conversations that could shape US–China trade relations and the Ukraine talks.

Nvidia and AI

On Nvidia CEO Jensen Huang, Trump said he had not discussed the allegations raised against him and called him "a good man". He said he would like Huang to join him on the Asia trip but did not know whether he would.

On artificial intelligence, Trump said its risks can be managed and that he is not opposed to some control measures.

Possible market impact

  • US dollar (USD): A lower chance of military conflict with Iran could reduce safe-haven demand for the dollar. EUR/USD daily analysis
  • Gold: A softer tone on Iran may trim part of gold's geopolitical risk premium. Gold daily analysis
  • Oil: Signs that diplomacy will continue could ease some of the supply-risk pressure. WTI daily analysis
  • Tech stocks and Nvidia: Trump's backing of Huang and his flexible stance on AI rules could be read as positive for Nvidia and the Nasdaq after the recent drop.

Source: Donald Trump's interview with CBS's 60 Minutes.

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