China, Trump and Xi
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U.S. senators from both major parties plan to introduce bills this week targeting China over its treatment of minority groups, dissidents and Taiwan, emphasizing security and human rights as President Donald Trump focuses on trade with Beijing.
Democratic lawmakers expressed “grave concern” to Commerce Secretary Howard Lutnick after the administration approved Nvidia’s exporting chips to China, loosening controls imposed on national security grounds.
But the outlook for many top U.S. trading partners has yet to come into clear focus. Trump has threatened, for example, to raise tariffs on Canada to 35% from the current 25% if the two countries don’t strike a deal by Friday. And a 90-day truce between the U.S. and China expires in mid-August, at which point Trump’s tariffs on China could soar.
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We could go down the road of Trump's 2018 trade deal with China, warns AEI's Derek Scissors
Derek Scissors, AEI Asia economist, joins 'The Exchange' to discuss Trump's push for a deal with China and the hurdles and likely outcomes from the negotiations.
L eading U.S. energy products exporter Enterprise Products Partners warned that the Trump administration continuing to “weaponize” fossil fuel shipments to China would only backfire against U.S. shippers.
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After previously saying that the US would block exports of key AI chips to China, Donald Trump's administration has backtracked.
The U.S. has paused curbs on tech exports to China to avoid disrupting trade talks with Beijing and support President Donald Trump's efforts to secure a meeting with President Xi Jinping this year, the Financial Times said on Monday.
The biggest piece in the trade deal puzzle still remains, and the Chinese are unlikely to be as willing to fold.”
The Trump admin is reportedly prohibiting Taiwan's President Lai Ching-te from stopping over in New York City while en route to diplomatic meetings in Central America.