Tag: United States International Relations

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…

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…

TSMC Chairman Mark Liu Says Company Will Keep Its Roots in Taiwan

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Taiwan Semiconductor Manufacturing Company, which is manufacturing the world’s most advanced microchips, conducts business on the island of Taiwan, dead center in one of the most geopolitically volatile places on the planet. That makes people in Washington very nervous. TSMC dominates the semiconductor industry; it’s a company that the United States can’t do without, 80 miles off the coast of China. The U.S. government has appropriated tens of billions of dollars to strengthen America’s own semiconductor sector and help fund TSMC’s nascent operations in the United States, far from China,…

The Chip Titan Whose Life’s Work Is at the Center of a Tech Cold War

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In a wood-paneled office overlooking Taipei and the jungle-covered mountains that surround the Taiwanese capital, Morris Chang recently pulled out an old book stamped with technicolor patterns. It was titled “Introduction to VLSI Systems,” a graduate-level textbook describing the intricacies of computer chip design. Mr. Chang, 92, held it up with reverence. “I want to show you the date of this book, 1980,” he said. The timing was important, he added, as it was “the earliest piece” in a puzzle that came together for him — altering not only his…

The Global Economy Is Fracturing. What Comes Next?

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Produced by ‘The Ezra Klein Show’ The world economy has experienced many shocks over the past few years: A pandemic. Russia’s invasion of Ukraine. Skyrocketing inflation. These are the stories that have dominated headlines — and for good reason. But they’ve also overshadowed a set of deeper, more fundamental shifts — the rise of China as an economic superpower, the fracturing of trade relations, the realities of the climate crisis — that are transforming the global economic order and prompting ambitious policy responses from leaders across the world. [You can…

Quantum Tech Intended for National Security Is Testing U.S. Alliances

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The Australian physicist shook the heavy metal box that resembled a beer cooler but held a quantum sensor. A computer screen showed that the cutting-edge device — with lasers manipulating atoms into a sensitive state — continued functioning despite the rattling. He and his team had built a hard-to-detect, super-accurate navigation system for when satellite GPS networks are jammed or do not work that was robust and portable enough to be used outside a lab. It could potentially guide military equipment, from submarines to spacecraft, for months with a minuscule…

After Ousting Qin Gang, China Erases Him and Evades Questions

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China’s abrupt removal of Qin Gang as foreign minister did not stop the questions that had dogged Chinese officials in the month since he vanished from public view: Where is Mr. Qin? Does he have health issues? Is he under investigation? Representatives of the Foreign Ministry have struggled to respond when pressed by reporters, repeatedly saying that they had no information to provide. After China replaced him on Tuesday, nearly all references to Mr. Qin were scrubbed from the ministry’s website, an unusual erasure that has only deepened the intrigue.…