Senate voted to bar Chinese banks that do business with North Korea from the U.S. banking system—a new source of friction as President Trump and Xi Jinping prepare to meet.

The passage of the Foreign Investment Risk Review Modernization Act in August 2018 has severely curtailed China backed venture capital in Silicon Valley, and the trade tensions are only making it worse.

In updating its Foreign Investment Law, Beijing makes clear its continued commitment to improving China’s business environment. Indeed, China is pushing back on the global trend of “deglobalization.” Nonetheless, Beijing must take into account new US restrictions based on national security.

“We were about 90% of the way there (with a deal) and I think there’s a path to complete this,” he told CNBC’s Hadley Gamble in Manama,

The United States hopes to re-launch trade talks with China after President Donald Trump and President Xi Jinping meet in Japan on Saturday, but Washington will not accept any conditions around the U.S. use of tariffs in the dispute, a senior administration official said on Tuesday.

To make America great again—or “keep America great,” as Trump’s reelection slogan goes—in plain language means effectively strengt

American multinationals may like the idea of forcing China to alter the policies and practices – from subsidies for state-owned enterprises to the requirement that foreign firms share proprietary technology in exchange for access to the Chinese market – that place them at a competitive disadvantage. But, as US President Donald Trump’s trade war continues to escalate, it is worth asking: What price are these companies really willing to pay?

Blinded by a surging stock market and a 50-year low in the unemployment rate, few dare to challenge the wisdom of US economic policy. Instant gratification has compromised the rigor of objective and disciplined analysis. Big mistake. The toxic combination of ill-timed fiscal stimulus, aggressive imposition of tariffs, and unprecedented attacks on the Federal Reserve demands a far more critical assessment of Trumponomics.

In a trade war between two of the world’s largest economies, there are no winners. The U.S.-China trade spat will have spillover effects, with severe consequences for not only Asia, but the rest of the world.

Leaders’ agenda laid out during Lighthizer-Liu call on Monday. Each side seeks concessions, both want to limit market turmoil