US-China trade surged to a record last year, in defiance of all the learned writings about decoupling. The most global of markets, that of currency trading, has swollen to an eye-popping $7.5 trillion a day. Tariffs are causing some decoupling between the US and China, but not a rupturing of dependence on the latter
Some lawmakers in Washington are urging President Joe Biden to prohibit American companies from working on RISC-V chip technology with China. Will their plan fly?
The US has added 42 Chinese companies to a government export control list over their support for Moscow's military and defense industrial base. Another seven entities from Finland, Germany, India, Turkey, United Arab Emirates and the United Kingdom are also on the list.
Senate Majority Leader Chuck Schumer and five other senators arrived in Shanghai on a three-country tour Saturday that will also take them to South Korea and Japan.