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Media Report
May 29 , 2018
  • Politico reports: "Investor Wilbur Ross was brought into the administration as one of President Donald Trump's 'killers' – but in recent months, the commerce secretary has been increasingly marginalized, with his agency widely seen in the White House as a mess. Trump himself has lashed out at Ross in Oval Office meetings, telling the man who once helped bail him out in Atlantic City that he's "past his prime" and "no longer a killer" and trying to bench him from making trade deals... Despite being one of the administration's leading protectionist voices early on, Ross was initially left off a May trade delegation to China led by Treasury Secretary Steven Mnuchin... Ross is heading back to China in early June in hope of cutting some type of trade deal that delivers on Trump's campaign promises to extract concessions from Beijing on behalf of American workers. Fans of Trump's protectionist stance have been heartened... but others say Ross taking the lead this time around is a dim sign for the talks."
  • CNN reports: "Beijing's push to isolate Taiwan is gathering pace, with two of the island's few remaining allies switching allegiance to China in the past month. Taiwan isn't just taking heat from China diplomatically. Multi-national companies are being pressured over how they describe Taiwan, with Beijing insisting they follow its line that the island is an integral part of China. Shows of force by the Chinese military in the Taiwan Strait, the narrow strip of water that divides the two, are also becoming more commonplace. This ratcheting up of tensions between China and the self-governed, democratic island opens up another fault line for Washington in its dealings with Beijing, with the Trump administration already at odds with China over trade, North Korea and the South China Sea. Washington has signaled closer support for Taiwan and a high-profile demonstration of solidarity comes in June when the United States opens a new complex to house its de facto embassy in Taipei that's three times the size of the original building."

  • Financial Times reports: "Washington is pressing Beijing to enter into multiyear contracts to buy US agricultural and energy imports as part of a broader trade deal aimed at reducing the $337bn bilateral trade deficit with China. But the move could mean taking Chinese business away from key US allies such the EU, Australia, Brazil and Argentina, whose exports could be hit by President Donald Trump's gambit. Commerce secretary Wilbur Ross is expected to discuss a list of products that China sources from other countries but could buy from the US on a visit to Beijing later this week. The list was presented to Beijing this month."
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