and it is now considering an executive order to curb us investment in sensitive areas. but ms yellen told her chinese counterparts that any such measures will be highly targeted. i emphasise that it would be highly targeted and clearly directed narrowly at a few sectors where we have specific national security concerns. i want to allay their fears that we would do something that would have broad based impacts on the chinese economy. that s not the case. that s not the intention. and i think this is an example of what i said about how to address national security concerns. senior market analyst kelvin wong told me that ms yellen did manage to smooth relations on the economic front. if you look at the us treasury secretary yellen, i believe that she is more pragmatic. so, all in all, i would like to state that ms yellen actually had a positive outcome in terms of economic communication between the us and china, but, however, on the general political front, i still reckon that i
this is the first time a us treasury secretary has visited china since the covid pandemic and this is the environment they find themselves in. for example, trade restrictions. one point of contention is over rare earth metals, essential components to make semiconductor those which are used in everything from smart phones to military equipment. earlier this week beijing said it will require a special license to obtain two metals predominantly mined in china stopping this move has seen a retaliation against export bands put in place by the united states of critical technology needed for artificial intelligence and quantum computing. both sides argue that these bands are neededin argue that these bands are needed in the interest of national security. another issueis national security. another issue is the weakening yuan. china s currency has lost nearly 5% of its value against the us dollar over the past year which makes chinese exports more competitive on the global market. the
together with its partners if necessary. these key metals are important research for automotive parts and pay a role in future autonomous cars. these two metals are also crucial to make semiconductors. taiwan s tsmc, the world s largest contract chip maker says it doesn t expect any direct impact on its production. despite the statement, the shares plunged almost 3% in trading in taiwan, over concerns of growing tensions, and the us secretary s visit to beijing. a top chinese trade adviser says that this is just the start, sending a not so subtle message to the americans just before the counterparts are sat down face to face in beijing for the first time since the covid pandemic. the visit by secretary yellen also comes at a time when the chinese economy looks to revitalise. that experience supposed covid rebound in the first quarter of the year the latest data has shown signs of stephen mcdonald reports. street food seen in china appears to show an economy rebounding strongl
jesse: no. you were booked. bret: thank you. bret: good evening. i m bret baier. we are come to you tonight live from bedford, new hampshire where citizens here and throughout the state have been voting all day long in the first of the nation primary election of the 2024 presidential cycle. former president donald trump had coming in to this day a commanding lead in the polls while on the democratic side president biden is not even on the ballot here. we will go over what we re learning from our fox news voter analysis, the early version in just a few minutes. but we have fox team coverage. bryan llenas in concord, new hampshire is following the nikki haley campaign. correspondent alexis mcadams starts us off from nashville with team trump. gogood evening, alexis. we did have a chance to catch up with the president here on the ground in new hampshire. he feels good going into primary night and feels like he has a lot of support here in the granite state. i asked him
done for descendants of slaves. reporter: after two years of deliberations, california reparations task force sent to final report to the state capitol for the state legislature and governor to decide how the state should handle reparations. many expected it to call for a concrete dollar amount, the task force is leaving that challenge to the legislature and it provides over 115 recommendations spanning from cash payments to policy reforms to a formal apology to eligible residents designated as descendants of slaves. critics call this effort fiscally irresponsible noting how california is facing a $31.5 billion deficit. reparations is the extraction of money from people who were never slave owners to be given to people who were never slaves. we will never see reparations paid in california. again, it s illegal. it s unconstitutional. it violates the equal protection clause. reporter: progressive governor gavin newsom signed legislation creating the first in the nation