The director of national intelligence's assertions about what's coming next didn't really add up.
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Yahoo
5 minutes ago
- Yahoo
Several US executives to visit China this week: sources
By Laurie Chen BEIJING (Reuters) -A high-level delegation of American executives will travel to China this week to meet senior Chinese officials in a trip organised by the U.S.-China Business Council (USCBC), two sources with knowledge of the visit told Reuters on Monday. The visit coincides with the latest round of U.S.‑China trade negotiations in Sweden, where China's Vice Premier He Lifeng is meeting U.S. officials from July 27 to July 30 for a new round of economic and trade talks. The delegation will be led by FedEx Chief Executive Rajesh Subramaniam, the council's board chair, one of the sources briefed on the trip said. The South China Morning Post first reported the visit on Sunday, saying that executives from firms including Boeing would be part of the delegation. Reuters could not confirm other CEO members of the delegation or which Chinese officials they would meet. Boeing declined to comment on the trip and deferred to USCBC. The U.S. government was not involved in the organisation of the visit, one of the sources said. The trip comes as Beijing and Washington work towards a summit between the two countries' leaders later this year, probably around the time of the APEC forum in South Korea October 26 - November 1, sources previously told Reuters. USCBC did not respond immediately to a request for comment. The business lobby previously organised similar visits to China by American CEO delegations in 2023 and 2024. The 2024 trip, also led by Subramaniam, included meetings with He and Foreign Minister Wang Yi, where executives discussed issues including market access. China faces an August 12 deadline to reach a durable deal with the White House or risk higher U.S. tariffs. U.S. officials are likely to extend the deadline by another 90 days as both sides work towards a more comprehensive deal, sources previously told Reuters. An extension of that length would prevent further escalation and help create conditions for the potential meeting between Trump and Chinese President Xi Jinping. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
5 minutes ago
- Yahoo
Trump pauses export controls to bolster China trade deal, FT says
(Reuters) -The U.S. has paused curbs on tech exports to China to avoid disrupting trade talks with Beijing and support President Donald Trump's efforts to secure a meeting with President Xi Jinping this year, the Financial Times said on Monday. The industry and security bureau of the Commerce Department, which oversees export controls, has been told in recent months to avoid tough moves on China, the newspaper said, citing current and former officials. Reuters could not immediately verify the report. The White House and the department did not respond to Reuters' requests for comment outside business hours. Top U.S. and Chinese economic officials are set to resume talks in Stockholm on Monday to tackle longstanding economic disputes at the centre of a trade war between the world's top two economies. Tech giant Nvidia said this month it would resume sales of its H20 graphics processing units (GPU) to China, reversing an export curb the Trump administration imposed in April to keep advanced AI chips out of Chinese hands over national security concerns. The planned resumption was part of U.S. negotiations on rare earths and magnets, Commerce Secretary Howard Lutnick has said. The paper said 20 security experts and former officials, including former deputy US national security adviser Matt Pottinger, will write on Monday to Lutnick to voice concern, however. "This move represents a strategic misstep that endangers the United States' economic and military edge in artificial intelligence," they write in the letter, it added. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Boston Globe
7 minutes ago
- Boston Globe
At Trump's urging, Thailand and Cambodia to meet for cease-fire talks
Advertisement Some analysts see this dispute as a test of US and Chinese influence in Southeast Asia, where Washington and Beijing are competing for dominance. Thailand is a US treaty ally and hosts dozens of military exercises with the United States; China is the largest trading partner of Thailand and Cambodia, which hosts a naval base largely funded by Beijing. Instability in the two Southeast Asian nations could jeopardize the strategic and economic interests of the two world powers. On Saturday, Trump said, he called Hun Manet and Phumtham, adding that they had agreed to work out a cease-fire to the conflict, which has killed at least 34 people. On Sunday, the State Department said Secretary of State Marco Rubio had spoken by phone with his counterparts in Thailand and Cambodia, urging them to lower tensions immediately and agree to an end of the conflict. Advertisement But sporadic skirmishes flared between Thai and Cambodian troops along the two countries' disputed border early Sunday, underscoring the challenge of resolving an increasingly bitter and long-running conflict, one of the deadliest ever between the two Southeast Asian neighbors. Analysts said that both countries could also be seeking to grab territory before an agreement was signed. Rubio said he had told Cambodia's deputy prime minister and foreign minister, Prak Sokhonn, and Thailand's foreign minister, Maris Sangiampongsa, about Trump's desire for peace. On Saturday, Trump said he would not negotiate trade deals with Cambodia and Thailand until they stopped the fighting. On Sunday, Phumtham said he had told Trump that Thailand had agreed in principle to a cease-fire and had asked Trump to inform Cambodia that talks should take place as soon as possible. He added that he would 'like to see sincere intention from the Cambodian side.' But the deputy spokesperson of the Thai army, Colonel Richa Suksuwanont, distinguished between Trump's conversation with the Thai leader and what was happening on the ground. 'The troops in the battlefield are still following battle strategies,' he said in a statement. 'Thailand confirms that the cease-fire will happen only when Cambodia reaches out to us themselves for negotiation.' The conflict flared after two months of tension over contested territory. In the last outbreak of deadly battles between the countries, from 2008 to 2011, 34 people were killed, according to an academic paper. This year, that death toll was reached in less than a week. Hun Manet said he hoped Thailand would not go back on its cease-fire vow. He added that the Thais had violated a similar promise made after Malaysian Prime Minister Anwar Ibrahim negotiated with both sides on Thursday. Malaysia is the chair of the 10-member Association of Southeast Asian Nations, to which Cambodia and Thailand also belong. Advertisement Thai and Cambodian forces exchanged fire Sunday along the border, near the site of a temple, claimed by both countries, known as Prasat Ta Khwaiq to the Thais and Prasat Ta Krabey to the Cambodians. The deputy Thai army spokesperson, Richa, said the first shots were fired by Cambodia into Thai territory in several areas, including into civilian homes, early Sunday. Lieutenant General Maly Socheata, a spokesperson for the Cambodian Defense Ministry, said Cambodia 'categorically rejects and condemns in the strongest terms the baseless and irresponsible accusation by Thailand that Cambodia initiated hostilities.' She said Thailand's forces started shelling Cambodian territory at 2 a.m. and expanded their operations to Prasat Ta Krabey and near another ancient temple also claimed by both countries, called Prasat Ta Moan Thom by the Cambodians and Prasat Ta Muen Thom by the Thais. The site is where violence first erupted Thursday. At 6 a.m., Thailand sent in tanks and troops to 'invade' in multiple areas, according to Maly Socheata. 'Such actions undermine all efforts toward peaceful resolution and expose Thailand's clear intent to escalate rather than de-escalate the conflict,' Maly Socheata said.
