Top U.S. and Chinese officials met in Malaysia on Saturday to lay the groundwork for a summit between Donald Trump and Xi Jinping, with some on Wall Street saying Beijing overplayed its hand by imposing draconian restrictions on rare earth exports. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng held negotiations that the…
President Donald Trump attempted to lower the temperature in the U.S.-China trade war as both sides wrangle over tariffs and export controls. In an interview with Fox News’ Sunday Morning Futures, he also mixed in some flattery for Chinese President Xi Jinping while still airing some grievances. “I’m not looking to destroy China,” Trump said. Earlier…
A top Wall Street analyst who has been predicting a “rolling recovery” after a mysterious, secretive “rolling recession” over the past three years has issued a bearish call on the back of renewed trade tensions between President Trump and China. Mike Wilson, chief U.S. equity strategist for Morgan Stanley, warned on Monday that a “larger…
Beijing’s new export controls on rare earths go well beyond restricting access to a critical technology input, according to a former White House advisor. On Thursday, China’s commerce ministry said that starting on Dec. 1 a license will be required for foreign companies to export products with more than 0.1% of rare earths from China…