WASHINGTON — The United States restricted trade with five companies on Wednesday that it said help produce and procure drones for use by Russia in Ukraine and by Iran-backed Houthis in Red Sea shipping attacks. The companies from Russia and China were among 11 additions to the Commerce Department’s Entity List, which means suppliers need licenses before shipping goods and technology to them. Russia has intensified its drone and missile strikes against Ukrainian energy facilities in recent weeks, causing significant damage and threatening a repeat of the blackouts experienced in…
Tag: USA
Taiwan’s Navy leaders seek cooperation with US at annual exposition
washington — Taiwan Navy Commander Admiral Tang Hua said during a trip to Maryland that the self-governing island wants more cooperation with the U.S. and other countries amid military pressure from China. But as to whether or not he would hold direct talks with U.S. Chief of Naval Operations Admiral Lisa Franchetti, as reported by Reuters, Tang said he would not comment so as to avoid China’s protest causing trouble to the U.S. side. Speaking to VOA on Monday at this year’s Sea-Air-Space Conference hosted by the Navy League of…
From overcapacity to TikTok, issues covered during Janet Yellen’s trip to China
Beijing — U.S. Treasury Secretary Janet Yellen and her team are leaving China and returning to Washington after trying to tackle the major questions of the day between the countries. Here’s a look at what she tried to accomplish, what was achieved, and where things stand for the world’s two largest economies: Unfair trade practices Yellen said she wanted to go into the U.S.-China talks to address a major Biden administration complaint that Beijing’s economic model and trade practices put American companies and workers at an unfair competitive disadvantage by…
Chinese nationalist trolls pretend to be Trump supporters ahead of US elections
washington — British researchers say Chinese nationalist trolls have been posing as American supporters of former President Donald Trump on X to try to exploit domestic divisions ahead of the U.S. election. A report released April 1 by the Institute for Strategic Dialogue, a London think tank, says it found four previous Mandarin-tweeting accounts that went silent before re-emerging as American Trump supporter personas tweeting in English. It linked them to China’s so-called Spamouflage network, which it described as a “long-running and widespread but largely ineffective” campaign to promote pro-Chinese…
Yellen says US will not accept Chinese imports decimating new industries
BEIJING — U.S. Treasury Secretary Janet Yellen warned China on Monday that Washington will not accept new industries being decimated by Chinese imports as she wrapped up four days of meetings to press her case for Beijing to rein in excess industrial capacity. Yellen told a media conference that U.S. President Joe Biden would not allow a repeat of the “China shock” of the early 2000s, when a flood of Chinese imports destroyed about 2 million American manufacturing jobs. She did not, however, threaten new tariffs or other trade actions…
US, Britain, Australia weigh expanding AUKUS security pact to deter China
London — The U.S., Britain and Australia are set to begin talks on bringing new members into their AUKUS security pact as Washington pushes for Japan to be involved as a deterrent against China, the Financial Times reported. The countries’ defense ministers will announce discussions Monday on “Pillar Two” of the pact, which commits the members to jointly developing quantum computing, undersea, hypersonic, artificial intelligence and cyber technology, the newspaper reported Saturday, citing people familiar with the situation. They are not considering expanding the first pillar, which is designed to…
US, China need ‘tough’ conversations, Yellen tells Chinese Premier Li
BEIJING — U.S. Treasury Secretary Janet Yellen told Chinese Premier Li Qiang on Sunday that the ability to have difficult conversations has put the two economic superpowers on “a more stable footing” over the past year. As they began a meeting in Beijing, Li responded that the two countries needed to respect each other and should be partners, not adversaries, adding that “constructive progress” had been made during Yellen’s trip. Yellen said Washington and Beijing had a “duty” to responsibly manage the complex relationship, as she brought her case for…
US, China discuss economic issues on Yellen’s China tour
TAIPEI, TAIWAN — The United States and China have agreed to hold talks and create two economic groups focused on a wide range of issues — including addressing American complaints about China’s economic model, growth in domestic and global economies and efforts against money laundering — according to a statement released Saturday by the U.S. Treasury Department. The agreement comes on the second day of an official visit to China by U.S. Treasury Secretary Janet Yellen, during which she has urged Chinese leaders to change their domestic manufacturing policies. The…
China’s overcapacity results from state interference in markets, say analysts
washington — U.S. Treasury Secretary Janet Yellen is on a five-day visit to China, where she expressed concern to Chinese officials Friday about state subsidies that fuel manufacturing overcapacity in industries such as electric vehicles, solar panels and semiconductors. U.S. officials and economists have warned that China’s overcapacity — when its production ability significantly exceeds what is needed in markets — will further drive down prices and cost jobs, especially if China seeks to offload excess production through exports instead of domestic consumption. U.S. President Joe Biden, in a phone…
Scathing federal report rips Microsoft for response to Chinese hack
BOSTON — In a scathing indictment of Microsoft corporate security and transparency, a Biden administration-appointed review board issued a report Tuesday saying “a cascade of errors” by the tech giant let state-backed Chinese cyber operators break into email accounts of senior U.S. officials including Commerce Secretary Gina Raimondo. The Cyber Safety Review Board, created in 2021 by executive order, describes shoddy cybersecurity practices, a lax corporate culture and a lack of sincerity about the company’s knowledge of the targeted breach, which affected multiple U.S. agencies that deal with China. It…