Antony Blinken Visits China

• Longest Losing Streak
• Mortgage Rates Jump
• A Confusing Moment
• Inflation Hangover Lingers
• Housing Market Trends

Secretary of State Antony J. Blinken cheered connected the sidelines astatine a hoops crippled successful Shanghai connected Wednesday night, and spent Thursday chatting with students astatine New York University’s Shanghai field and gathering American concern owners. It each went to stress the benignant of economic, acquisition and taste ties that the United States is pointedly holding up arsenic beneficial for some countries.

But hanging implicit those pleasantries during his sojourn to China this week are respective steps the U.S. is taking to sever economical ties successful areas wherever the Biden medication says they endanger American interests. And those volition beryllium the absorption of greater attraction from Chinese officials, arsenic well.

Even arsenic the Biden medication tries to stabilize the narration with China, it is advancing respective economical measures that would curb China’s entree to the U.S. system and technology. It is poised to rise tariffs connected Chinese steel, solar panels and different important products to effort to support American factories from inexpensive imports. It is weighing further restrictions connected China’s entree to precocious semiconductors to effort to support Beijing from processing blase artificial quality that could beryllium utilized connected the battlefield.

This week, Congress besides passed authorities that would unit ByteDance, the Chinese proprietor of TikTok, to merchantability its involvement successful the app wrong 9 to 12 months oregon permission the United States altogether. The president signed it connected Wednesday, though the measurement is apt to beryllium challenged successful court.