USCWG In the News

Quartz: The US and South Korea have canceled a key military exercise—just as China wanted

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Steve Mollman 06/19/2018 Early last year, China suggested a way to defuse the escalating tensions on the Korean Peninsula: North Korea would stop its nuclear and missile tests, while the US and South Korea would stop their joint military drills. In the following months, the Trump administration repeatedly dismissed the “dual suspension” or “freeze for freeze” proposal, which Russia also backed. I... Read more »

The Verge: Senate votes to reinstate ZTE ban that's nearly shut down the company

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Jacob Kastrenakes 06/18/2018 The US Senate has voted to reinstate a ban on ZTE that prevents the Chinese telecom company from buying US components and using US software. But it's still not clear if the reversal will make it into law: it has to clear a conference with the House, and then avoid a veto from President Trump, who advocated for cutting a deal that would lift the ban. ZTE was hit with th... Read more »

CNN: US issues alert after employee in China reports 'abnormal' sound sensations

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Steven Jiang and Ben Westcott 05/23/2018 US officials have issued a health alert in China after a US government employee stationed there reported "abnormal sensations of sound and pressure" that indicated a mild brain injury. The US State Department is looking into whether the report is similar to incidents in Cuba in 2016 and 2017, an American official told CNN, in which so-called "sonic attacks... Read more »

Politico Pro: Poll: Almost half of voters think tariffs on Chinese goods would hurt U.S. economy

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Megan Cassella 5/22/2018 U.S. voters are almost as likely to believe President Donald Trump's proposed tariffs on Chinese goods would hurt American consumers as they are to think the Chinese would suffer, a new POLITICO/Morning Consult poll shows. The survey of nearly 2,000 registered voters found that 47 percent felt raising tariffs would have the Trump administration's intended effect of hurtin... Read more »

China Makes Massive Cut to Car Tariffs After Truce With Trump

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Bloomberg: China Makes Massive Cut to Car Tariffs After Truce With Trump Bloomberg Staff 05/22/2018 China will cut the import duty on passenger cars to 15 percent, further opening up a market that's been a chief target of the U.S. in its trade fight with the world's second-largest economy. The Finance Ministry said Tuesday the levy will be lowered effective July 1 from the current 25 percent that ... Read more »

Politico Pro: How China Acquires 'The Crown of Jewels' of U.S. Technology

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https://www.politico.com/story/2018/05/22/china-us-tech-companies-cfius-572413 Cory Bennett and Bryan Bender 05/22/2018 The U.S. government was well aware of China’s aggressive strategy of leveraging private investors to buy up the latest American technology when, early last year, a company called Avatar Integrated Systems showed up at a bankruptcy court in Delaware hoping to buy the California ch... Read more »

Motherboard: China Wants to Be the First Country to Land on the Far Side of the Moon

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Daniel Oberhaus 05/21/2018 On Sunday night the China National Space Administration launched a communications satellite on a Long March rocket on a 280,000 mile journey to orbit the moon. The lunar orbiter is the initial step in realizing China's ambition to be the first country to place a lander on the far side of the moon. As the first communications relay satellite in orbit around the moon, the... Read more »

Politico Pro: Mnuchin: No ‘quid pro quo' for possible changes to ZTE penalty

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Doug Palmer 05/21/2018 U.S. Treasury Secretary Steven Mnuchin said Monday that the Trump administration was considering possible changes to a penalty imposed on Chinese telecommunications giant ZTE, but insisted that had no connection to ongoing trade talks. "I think there are plenty of people who are trying to make this out to be something it's not," Mnuchin said in a interview on CNBC about a p... Read more »

Bloomberg: This Is China's Plan to Be a Tech Powerhouse by the Year 2025

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Joe Weisenthal and Tracy Alloway 05/21/2018 Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance and economics. The recent trade tensions between the Trump administration and China has shone a light on the country's ambitions to become a technology powerhouse, as one of the complaints is that China unfairly extracts intellectua... Read more »

Taiwan Fights off Chinese Invasion in Mock Warfare Drills

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Taiwan will simulate taking on an invading force in war games next week amid its increasing tensions with China. Taipei will conduct exercises in which it will repair a major air base and use civilian operated drones, Reuters reported. The annual Han Kuang drills, which start on April 30, make no mention of China, only “offensive forces invading Taiwan” and will include a live-fire field training ... Read more »