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Media Report
February 26 , 2019
  • CNBC：Chinese stocks rocketed higher on Trump's trade tweet, but a deal isn't a sure thing
    CNBC reports, "U.S. President Donald Trump and China's state-run news agency Xinhua both announced 'significant progress' from the last week of trade negotiations. Encouragingly, both sides specifically mentioned the issues of technology transfer, intellectual property protection, currency, services and agriculture. Still, the U.S. and China will need to overcome significant hurdles if they're to ink a deal resolving their long-term disagreements. Trump said in a Sunday evening Twitter post he would delay an increase in tariffs on Chinese exports to the U.S. that was originally scheduled for March 1. 'Assuming both sides make additional progress, we will be planning a Summit for President Xi and myself, at Mar-a-Lago, to conclude an agreement,' Trump tweeted. 'A very good weekend for U.S. & China!' Chinese stocks rallied following the news."
  • The Washington Post：U.S. businesses in China say the trade war is hurting — but still support tariffs
    The Washington Post reports, "Two-thirds of American companies operating in China have experienced disruptions to their business as a result of the protracted trade war between the world's two largest economies, according to a survey by the American Chamber of Commerce in China released Tuesday. Still, there remains general support for President Trump's tough approach to dealing with Beijing, with a narrow majority saying that the tariffs should remain in place or be increased while negotiations to forge a trade deal continue. 'There's a very strong feeling in the business community of hope that the negotiations will lead to some really concrete outcomes and put us on the path where the business environment will continue to improve in very meaningful ways,' said Tim Stratford, a former assistant U.S. trade representative who is now the chairman of AmCham in China."
  • CNBC：The US government just made clear it's going after more types of Chinese tech than we thought
    CNBC reports, "The brewing technology battle between the U.S. and China isn't just about 5G telecom equipment Chinese companies want to bring to the U.S. It's already starting to bleed into other tech categories, as shown in a new letter posted Monday from 11 senators and top officials from the departments of Energy and Homeland Security that called for a ban of Huawei-made solar technology. The letter sets the U.S. up to not only block smartphones and telecom equipment from Chinese companies such as Huawei, but nearly all tech it sees as a potential security threat. The authors of the letter, including DHS Secretary Kirstjen Nielsen and Energy Secretary Rick Perry, say Huawei's 'smart' solar grid products, which include control systems called 'inverters' that are capable of connecting to the wider electrical grid, present a danger to 'critical U.S. electrical systems and infrastructure.'"
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