Tag: Trump, Donald J

Russia Bill Broadens Sanctions but Could Fuel Fears Over the Dollar

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A Russia sanctions bill is posing a dilemma for the Trump administration: Lawmakers are pushing to wage further financial warfare just as the administration worries that heavy use of sanctions may erode the U.S. dollar’s supremacy. The bill, which was the brainchild of Senator Lindsey Graham before his death, aims to impose mandatory sanctions on Russia and its allies and potentially broaden the reach of penalties to include tariffs on buyers of Russian energy. The White House has said that the scope of the sanctions could broaden to include Iran…

Trump Pursues a Deeper Bond With China’s Leader, Despite Hostile Speech

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Just two months ago, President Trump and China’s leader, Xi Jinping, strolled together through a garden of the secretive leadership compound in the heart of Beijing, past rows of bright flowers and leafy plants. The U.S. president toasted Mr. Xi as “my friend” at a state banquet during his visit. He declared that he had received a “magnificent welcome like none other” that had helped smooth the way to “fantastic trade deals.” The stage was set, Mr. Trump said, for Mr. Xi to make a reciprocal state visit to Washington…

‘Suddenly, I Was Free’: A Chinese Pastor’s Journey From Jail to the U.S.

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The Chinese police officers hurried the pastor out of the jail cell where he’d been held for 266 days. They hustled him into a van, then onto a train — where he sat surrounded by about two dozen officers, many with cameras trained on him. The pastor, Jin Mingri, who founded one of China’s most prominent underground churches, wondered aloud if he was being transferred to a secret prison. An officer laughed and told him to think more positively. Hours later, Mr. Jin, who also goes by Ezra, had been…

Beijing Rejects Trump’s Claim of Meddling, but Avoids a Fight

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China on Friday rejected President Trump’s claim that it had meddled in American elections as baseless. But its response was relatively restrained, a sign that Beijing did not want to let the accusation derail a thaw in relations that both sides have spent months trying to preserve. Mr. Trump had said in a speech that China had carried out “the largest compromise of election data in history” starting with the 2020 cycle, one of several claims he made that was either overstated or untethered from reality. In Beijing, a foreign…

U.S. Presses China to Free American Seismologist Accused of Spying

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An American seismologist who did contract research for the U.S. government related to nuclear tests in North Korea has been detained in China for nearly two years and accused of spying, his family and supporters said. Youlin Chen, who was born in China, was detained by Chinese state security officers at a Beijing airport in November 2024, when he was about to return to home in Boston. Dr. Chen’s family and supporters said they were making his case public for the first time this week in the hope that the…

America Was Being Played. The Bessent Doctrine Says Those Days Are Over.

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Treasury Secretary Scott Bessent delivered a remarkably important speech on June 23 at the Economic Club of New York. Yet neither Wall Street nor most of the economic profession seems to have paid it enough attention. By laying out what until now seemed more like haphazard policy measures, Mr. Bessent put down a marker for how the United States plans to operate in a changing global economic system. In the process, he elevated both the scale and the scope of a systemic change that started in earnest during President Trump’s…

China Frees Pastor Detained in Crackdown on Religion After Trump’s Urging

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The pastor of a prominent underground church in China who was detained last year as part of a crackdown on religious activity was released on Friday, his daughter said, less than two months after President Trump raised his case with China’s leader, Xi Jinping. The pastor, Jin Mingri, who also goes by the name Ezra, was freed after more than 250 days in custody and allowed to leave for the United States. Mr. Jin, the pastor and founder of Zion Church, was detained in October and later charged with “illegally…

U.S. Declines to Renew USMCA Trade Deal, Starting 10-Year Clock to Expiration

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The Trump administration on Wednesday declined to renew the trade deal President Trump negotiated with Canada and Mexico in his first term, a pact that he later came to criticize. The decision, though expected, was an important symbolic move for a trade deal the United States is currently trying to renegotiate. The move started a decade-long clock to the deal’s expiration, unless the three countries unanimously decide to renew it. The text of the U.S.-Mexico-Canada Agreement required the three countries to jointly meet to review the agreement six years after…

Former Chinese Billionaire and Bannon Associate Is Sentenced for Fraud

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Guo Wengui, a Chinese businessman who transformed himself from a Beijing insider into an anti-Communist crusader and ally of the American far right, was sentenced to 30 years in prison on Monday for defrauding investors, including many of his own fervent supporters, of hundreds of millions of dollars. Mr. Guo, who had made a fortune in Beijing as a real estate developer and had forged an alliance with a corrupt intelligence official there, fled China in 2015, settling in a $68 million Manhattan penthouse overlooking Central Park. There, he took…

Kazakhstan’s Leader Deepens U.S. Ties, Saying Trump Was ‘Sent by Heaven’

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The skyline of Astana, the capital of Kazakhstan, is a physical reflection of the Central Asian nation’s approach to foreign affairs. A sign reading “Moscow” sits atop a Kazakh-Russian business center. Beside it is a pagoda-crowned luxury hotel owned by the Chinese state oil company. Nearby is a gleaming hotel tower and shopping mall, emblazoned with the American brand Ritz-Carlton. And they all exist in the shadow of Abu Dhabi Plaza, the city’s biggest skyscraper, developed by a real estate firm from the United Arab Emirates. It is the product…