Concerns Over CK Hutchison-BlackRock Deal for Panama Canal

China and Hong Kong authorities are expressing concerns about a $23 billion deal between CK Hutchison and BlackRock for the Panama Canal, potentially affecting U.S. control over the waterway. The deal faces scrutiny over antitrust and national security issues by Beijing. The agreement is seen as a response to President Trump's threats to 'reclaim' the canal from China's influence. The ownership transfer could impact global maritime trade and U.S.-China relations.

White House executive order to eliminate Education Department and U.S.-China trade tensions

White House prepares executive order to eliminate the Education Department, leading to concerns over worsening U.S.-China relations with additional tariffs and export restrictions.

Former Sen. David Perdue appointed as U.S. Ambassador to China

Former Sen. David Perdue has been selected by President-elect Donald Trump as the ambassador to China, leveraging Perdue's business and political experience. Perdue is known for his anti-China stance and advocacy for a stronger naval force against China. Economic tensions between the U.S. and China are expected to be a key focus, with potential tariffs on Mexico, Canada, and China looming. Perdue will have to navigate a range of issues beyond trade, including China's support for Russia, human rights, technology, and Taiwan.

Chinese Retailers Selling T-Shirts Depicting Trump Assassination Attempt

Chinese retailers quickly produced T-shirts depicting an assassination attempt on former President Trump, but listings were later removed due to political sensitivity. Trump memorabilia remains popular in China despite strained Sino-U.S. relations.

New China Tariffs by Biden Administration

President Joe Biden's administration is planning to impose new China tariffs targeting strategic sectors like electric vehicles, batteries, and solar cells ahead of the 2024 election. The move is seen as a shift in policy from Biden's earlier stance on tariffs.

American Views on China

A Pew Research Center survey reveals that over 40% of Americans now view China as an enemy, with only 6% considering it a partner. Attitudes have turned critical due to factors like the U.S.-China trade war, COVID-19, and Beijing's human rights record. The Biden administration is working to manage U.S.-China relations while countering China on various global issues.

China's Excess Capacity in Clean Energy Products

Treasury Secretary Janet Yellen warns about China's excess capacity in clean energy products, affecting global market prices and hurting American firms. Yellen plans to address this issue during her upcoming visit to China.