The US treasury secretary, Scott Bessent, said “there is a path” to an agreement with China over tariffs after he had interactions with his Chinese counterparts last week in Washington. “I had interaction with my Chinese counterparts, but it was more on the traditional things like financial stability, global economic early warnings,” Bessent told ABC News’s This Week on Sunday, explaining that he spoke to the Chinese during International Monetary Fund meetings in Washington. “I don’t know if President Trump has spoken with President Xi,” he added. On Friday, President…
Tag: US politics
Trump administration investigating California university over foreign gifts
The Trump administration launched an investigation into the University of California, Berkeley, on Friday centered on foreign funding, making it the latest university to be targeted by the federal government. The investigation revives criticism from several years ago about the university’s partnership with China’s Tsinghua University. It comes after Donald Trump earlier this week signed a series of executive orders focused on universities that he views as liberal adversaries to his political agenda. One order called for harder enforcement of Section 117, a federal law requiring colleges to disclose foreign…
Trump tells interviewer Crimea ‘will stay with Russia’ in any Ukraine peace deal – live
From 26m ago Trump: Crimea ‘will stay with Russia’ – report Donald Trump has said in an interview with Time magazine that Crimea “will stay with Russia” as part of peace negotiations with Ukraine. Trump accused Zelenskyy on Wednesday of prolonging the “killing field” by refusing to surrender the Russia-occupied Crimea peninsula as part of a possible deal. Russia illegally annexed that area in 2014. Zelenskyy has repeated many times during the war that recognizing occupied territory as Russian is a red line for his country. Share Updated at 07.40 EDT…
Apple ‘aims to source all US iPhones from India’, reducing reliance on China
Apple is reportedly planning to switch assembly of all iPhones for the US market to India as the company seeks to reduce its reliance on a Chinese manufacturing base amid Donald Trump’s trade war. The $3tn (£2.3tn) technology company aims to make the shift as soon as next year, the Financial Times reported. Apple has been swept up in Trump’s aggressive tariff policies, with the iPhone maker at one point among the biggest stock market casualties because of the prospect of its Chinese-made products being hit with a hefty import…
Trump news at a glance: president will be ‘very nice’ to China; Musk to step back from Doge
Donald Trump has said tariffs on goods from China will be reduced “substantially” but “won’t be zero”, after US treasury secretary Scott Bessent said he expects a “de-escalation” in the trade war between the world’s two largest economies. Trump placed import taxes of 145% on China, which countered with 125% tariffs on US goods, causing volatility in the stock market and concern about slowing global economic growth. But the US president on Tuesday said he would be “very nice” to China and not play hardball with Chinese President Xi Jinping.…
From peppercorns to plastic forks: US businesses that rely on Chinese products reel from Trump tariffs
Chang Chang, a Sichuan restaurant in Washington DC, was already noticing that some of its business had dropped off after tens of thousands of federal workers living in the area lost their jobs. But the recent tariff rate hikes mark an even greater blow for the restaurant. Sichuan peppercorns, which create the signature numbing spice of the regional Chinese cuisine, along with other ingredients, face an at least 145% tariff after last week’s tit-for-tat trade battle between China and the United States. The steep rate is an existential threat for…
Finally, the Trump regime has met its match | Robert Reich
It was bound to happen. Encouraged by the ease with which many big US institutions caved in to their demands, the Trump regime – that is, the small cadre of bottom-feeding fanatics around Donald Trump (JD Vance, Elon Musk, Russell Vought, Stephen Miller and RFK Jr) along with the child king himself – have overreached. They’ve dared China, Harvard and the supreme court to blink. But guess what? They’ve met their matches. None of them has blinked – and they won’t. China not only refused to back down when the…
New Cold Wars review: China, Russia and Biden’s daunting task
Russia bombards Ukraine. Israel and Hamas are locked in a danse macabre. The threat of outright war between Jerusalem and Tehran grows daily. Beijing and Washington snarl. In a moment like this, David Sanger’s latest book, subtitled China’s Rise, Russia’s Invasion, and America’s Struggle to Defend the West, is a must-read. Painstakingly researched, New Cold Wars brims with on-record interviews and observations by thinly veiled sources. Officials closest to the president talk with an eye on posterity. The words of the CIA director, Bill Burns, repeatedly appear on the page.…
US House passes bill that could lead to total TikTok ban
The House of Representatives voted 360 to 58 on the updated divest-or-ban bill that could lead to the first time ever that the US government has passed a law to shut down an entire social media platform. The Senate is expected to vote on the bill next week and Joe Biden has said he will sign the legislation. “This bill protects Americans and especially America’s children from the malign influence of Chinese propaganda on the app TikTok. This app is a spy balloon in Americans’ phones,” said Texas Republican representative…
Chinese students in US tell of ‘chilling’ interrogations and deportations
Stopped at the border, interrogated on national security grounds, laptops and mobile phones checked, held for several hours, plans for future research shattered. Many western scholars are nervous about travelling to China in the current political climate. But lately it is Chinese researchers working at US universities who are increasingly reporting interrogations – and in several cases deportations – at US airports, despite holding valid work or study visas for scientific research. Earlier this month the Chinese embassy in Washington said more than 70 students “with legal and valid materials”…