Some of America’s most formidable technology companies have headed to China. Once they got there, their superpowers seemed to vanish. Uber, Amazon, and Apple are just a few examples of firms that have been humbled by the Chinese market.
China reached into the U.S. heartland in its escalating trade war over President Donald Trump’s tariffs, using an advertising supplement in Iowa’s largest newspaper to highlight the impact on the state’s soybean farmers
The Kushner family real estate company is seeking a $250 million loan to pay back Chinese investors in a New Jersey luxury tower but finding some major U.S. banks wary of the controversies around its White House links and the visa program used to attract the investors.
China presents a new and large challenge. But if Washington can keep its cool and patiently continue to pursue a policy of engagement plus deterrence, forcing China to adjust while itself adjusting to make space for it, some scholar decades from now might write about the United States’ not-so-secret plan to expand the zone of peace, prosperity, openness, and decent governance across the globe—a marathon strategy that worked.
"He says China’s not a competitor of ours," Trump said of Biden. "China is a massive competitor of ours. They want to take over the world. OK? They have China 2020 -- you know they have 2025," he added.
White House trade adviser Peter Navarro on Thursday downplayed China’s positive signals, saying the only acceptable outcome was an ironclad deal for Beijing to end trade abuses.
He said China’s gestures,...