Trump’s Huawei Reprieve Causes More Problems—Data Sheet

Clay Chandler here, filling in for Adam. I’m on leave in Montana this week and following China tech developments from afar. President Trump stunned observers on both sides of the Pacific last Saturday with an announcement that he is willing to scale back restrictions barring Huawei Technologies from buying high-tech equipment from U.S. firms. The […]

A Fear at the G20 Summit: That the U.S.-China Trade War Turns Into a Currency Conflict

U.S. vacation-goers may want to buy their foreign currency early, because this weekend’s meeting of G20 leaders could be the moment where trade war morphs into currency war. Everything hinges on the meeting between President Donald Trump and his Chinese counterpart Xi Jinping on Saturday morning in Osaka, Japan. In a positive scenario, the two […]

American Consumers Might be About to ‘Talk Ourselves Into a Recession.’ Here’s How

Consumers may be starting to sweat it. According to business research group The Conference Board’s monthly report, the consumer confidence index missed expectations and dropped to 121.5 in June–a two-year low from September 2017. The board expected the index to hit 134.1 originally, but bearishly revised last month’s number to 131.3 for June. As a […]

Apple Is Reportedly Asking Suppliers to Shift at Least 15% of Output from China

Apple Inc. has asked its largest suppliers to consider the feasibility of shifting 15% to 30% of its output from China to Southeast Asia in a dramatic shake-up of its production chain, the Nikkei reported. The U.S. tech giant asked “major suppliers” to evaluate the cost of such a migration, the newspaper cited multiple sources […]

China Is Creating Its Own ‘Entity List’ to Avenge Huawei and Punish Foreign Firms

The cracks in Huawei Technologies are starting to show. Speaking to an audience gathered at the company’s headquarters in Shenzhen on Monday, Huawei founder and CEO Ren Zhengfei revealed that action taken against the Chinese telecom manufacturer by the U.S. had forced Huawei to cut its projected annual revenue from $120 billion to $100 billion–pretty […]

The U.S. May Have Snubbed a Critical Dealmaker in China Trade Talks

Trying to follow the U.S.-China trade war and negotiations is like following a fast-moving tennis game with the summer sun in your eyes. And the U.S. team may have just sent a ball hurling into the net. On Friday came a report on an attempt by China to schedule a call between Vice President Pence […]

Trump Wants To ‘Do Something’ About EU Wine Tariffs. But U.S. Producers Have Bigger Problems—in China

Why is President Donald Trump suddenly concerned about getting U.S. wine into Europe? “France charges us a lot for the wine. And yet we charge them very little for French wine,” Trump told CNBC on Monday, promising that he would “do something” about that. The president argues he wants to right long-standing wrongs against the […]