Language : English 简体 繁體
Media Report
May 24 , 2019
  • Bloomberg reports, "Beijing is committed to striking a trade deal with the U.S. but it's ready to respond with more countermeasures, said Chinese envoy Cui Tiankai, as he called the blacklisting of Huawei an 'unusual' act of state power against a company. Cui said in an interview with Bloomberg TV Friday that China wants to continue working toward a trade agreement for President Donald Trump and Chinese President Xi Jinping to finalize. There's no official discussions about a meeting between the two leaders, said Cui, the Chinese ambassador to the U.S. The two sides should have cooperation and collaboration, he said, adding that 'trade is about mutual benefits, war is about mutual destruction. How can you put these two very different concepts in one term?' U.S. stocks traded higher on Friday, at the end of a bruising week in which escalating trade tensions dominated the market landscape."
  • The Washington Post reports, "A top U.S. diplomat for Southeast Asia on Friday urged Pacific island nations not to withdraw diplomatic recognition of Taiwan, warning that Chinese pressure to change Taiwan's international standing threatens to increase the possibility of conflict. U.S. Acting Assistant Secretary for Southeast Asia W. Patrick Murphy spoke to reporters in Canberra at the end of a three-day Australian visit for talks with officials in the recently reelected government on expanding their security alliance. Six Pacific island nations give diplomatic recognition to Taiwan, accounting for a third of the self-governing democratic island's diplomatic allies around the world. But they are under intensifying pressure from Beijing to switch allegiances as it builds influence in the region. Murphy said diplomatic decisions should not be influenced by China."
  • The New York Times reports, "From the start, President Trump's combative trade strategy toward China has carried the promise that short-term pain inflicted on farmers would be worth the longer-term gains for American producers, from agriculture to technology. As the trade war intensifies, faith in that proposition among the president's most stalwart rural fans is being tested more than ever. 'How long is short-term?' Shane Goplin, a sixth-generation farmer growing soybeans and corn in west-central Wisconsin, wondered as he maneuvered his 16-row John Deere planter. China was the largest buyer of American soybeans until tit-for-tat tariffs all but halted the flow. And this month, souring prospects for a trade deal again sent prices tumbling. Mr. Trump responded on Thursday by announcing a $16 billion package to help those hurt by the dispute."

News
Commentary
Back to Top