Tag: Biden, Joseph R Jr

At Camp David Summit, Japan, South Korea and U.S. Present a United Front

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President Biden plans to cement a newly fortified three-way alliance with Japan and South Korea during a landmark summit at Camp David on Friday, bridging generations of friction between the two Asian powers to forge mutual security arrangements in the face of an increasingly assertive China. Mr. Biden will host Prime Minister Fumio Kishida of Japan and President Yoon Suk Yeol of South Korea at the presidential retreat in Maryland, the first time he has invited foreign leaders there and the first time the leaders of the three countries will…

The Sunday Read: ‘The Silicon Blockade’

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Listen and follow The DailyApple Podcasts | Spotify | Stitcher Last October, the United States Bureau of Industry and Security issued a document that, underneath its 139 pages of dense bureaucratic jargon and minute technical detail, amounted to a declaration of economic war on China. The magnitude of the act was made all the more remarkable by the relative obscurity of its source. In recent years, semiconductor chips have become central to the bureau’s work. Despite the immense intricacy of their design, semiconductors are, in a sense, quite simple: tiny…

Biden Describes China as a Time Bomb Over Economic Problems

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President Biden warned on Thursday that China’s struggles with high unemployment and an aging work force make the country a “ticking time bomb” at the heart of the world economy and a potential threat to other nations. “When bad folks have problems, they do bad things,” the president told a group of donors at a fund-raiser in Park City, Utah. Mr. Biden’s comments are the latest example of the president’s willingness to criticize China — often during fund-raising events with contributors to his presidential campaign — even as his administration…

Biden Orders Ban on U.S. Investments in China’s Sensitive High-Tech Industries

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President Biden escalated his confrontation with China on Wednesday by signing an executive order banning American investments in key technology industries that could be used to enhance Beijing’s military capabilities, the latest in a series of moves putting further distance between the world’s two largest economies. The order will prohibit venture capital and private equity firms from pumping money into Chinese efforts to develop semiconductors and other microelectronics, quantum computers and certain artificial intelligence applications. Administration officials stressed that the move was tailored to guard national security, but China is…

Biden to Restrict Investments in China, Citing National Security Threats

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The Biden administration plans on Wednesday to issue new restrictions on American investments in certain advanced industries in China, according to people familiar with the deliberations, a move that supporters have described as necessary to protect national security but that will undoubtedly rankle Beijing. The measure would be one of the first significant steps the United States has taken in its economic clash with China to clamp down on financial flows. It could set the stage for more restrictions on investments between the two countries in the years to come.…

UAE, a US Ally, Looks to China and Russia for Deeper Ties

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The ruler of the United Arab Emirates, Sheikh Mohammed bin Zayed, is a key American ally who counts on the United States to defend his country. But he has traveled twice to Russia over the past year to meet with President Vladimir V. Putin, and in June, his country was celebrated as the guest of honor at the Russian leader’s flagship investment forum. Later this month, the Emirati and Chinese air forces plan to train together for the first time, a notable shift for an oil-rich Gulf nation that has…

Kerry Says U.S. and China Must Set Aside Politics to Tackle Climate Change

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The United States and China are running out of time to avert a harrowing future brought on by global warming, John Kerry, President Biden’s envoy for climate change, warned on Monday at the resumption of talks with Beijing that had stalled for nearly a year amid geopolitical tensions. Mr. Kerry challenged the Chinese government to curb the rapid expansion of its fleet of coal-fired power plants and said the rest of the world is looking to the two economic powers and major polluters to urgently reduce greenhouse gas emissions from…

‘As Long as It Takes’: Biden Adds to Talk of a New Cold War

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President Biden and his national security team have contended since he took office that all the easy, tempting comparisons between this era and the Cold War are misleading, a vast oversimplification of a complex geopolitical moment. The differences are, indeed, stark: The United States never had the kind of technological and financial interdependence with its Cold War adversary, the Soviet Union, that so complicates the increasingly bitter and dangerous downward spiral in the relationship with China. And Mr. Biden’s advisers often argue that Russia is not the Soviet Union. Yes,…

Blinken Meets China’s Top Diplomat in Latest Bid to Ease Tensions

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Secretary of State Antony J. Blinken met with China’s top diplomat, Wang Yi, on the sidelines of a regional summit in Jakarta, Indonesia, on Thursday, the latest in a string of diplomatic meetings between U.S. and Chinese officials as the two countries try to ease tensions. The talks between Mr. Blinken and Mr. Wang touched on regional and global issues, including “peace and stability across the Taiwan Strait,” said Matthew Miller, a spokesman for the State Department, who described the discussions as “candid and constructive.” “The meeting was part of…

Looming U.S. Investment Restrictions on China Threaten Diplomatic Outreach

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Efforts to ease tensions between the United States and China through a series of diplomatic visits to Beijing could be undermined as the White House presses ahead with plans to impose new restrictions on American investments in Chinese companies involved in quantum computing, artificial intelligence and semiconductors. The looming restrictions were a central topic of discussion between Treasury Secretary Janet L. Yellen and senior Chinese officials during her four-day trip to China, which concluded on Sunday. The Treasury Department has sought to narrow the scope of the restrictions, which target…