Xi, Taiwan and Donald Trump
Digest more
China, Trump and Russian oil
Digest more
And for now, at least, Beijing views the trade-deficit-obsessed Trump as a more pragmatic and adaptable partner to work with than the China hawks that called the shots during Trump’s first term. China’s leaders now believe they can broker a trade deal with Trump to reduce tensions.
Trump said Monday that he has cut a deal with chipmaker Nvidia, allowing it to sell certain artificial intelligence chips to China in exchange for a cut of the revenue, which would go to the U.S. government. Trump said he also negotiated a similar deal with chipmaker Advanced Micro Devices (AMD).
Favoring "deals over deterrence" will damage U.S. alliances and embolden Beijing, says Craig Singleton of the Foundation for Defense of Democracies.
Their relationship is defined by a bloody border dispute, a vast power imbalance and a fierce contest for influence across Asia. Yet, President Donald Trump’s latest trade war may be achieving the unthinkable: pushing India and China into a wary but tactical embrace.
For years, the US has restricted the sale of powerful AI chips to China. But Trump is letting sales of less-advanced chips happen.
U.S. President Donald Trump has targeted top economic rival China with a cascade of tariff orders on billions of dollars of imported goods aimed at narrowing a wide trade deficit, bringing back lost manufacturing and crippling the fentanyl trade.
There's peace and quiet as another extension of the trade truce was announced this week. But it may not last, writes Scott Kennedy.