Europe Braces for Higher Tariffs, China Magnet Exports Jump
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US Government Worker Prevented From Leaving China
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China is "clearly" trying to interfere in Taiwan's democracy and it is up to Taiwan's people to decide who should be removed from or stay in office, the island's government said on Wednesday ahead of a recall vote for around one-fifth of lawmakers.
The Office of Management and Budget under the Executive Office of the President said the Trump administration appreciated the $500 million allocated by the House of Representatives, calling it "critical to enabling the Department of Defense's efforts to strengthen Taiwan's self-defense capabilities ," the Focus Taiwan news portal reported.
The Chinese government is taking steps to rein in what it calls “involution,” or excessive competition that is hurting local companies and fueling the country’s deflationary spiral.
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China's commerce minister and the European Union's trade chief had a "candid and in-depth" discussion on economic and trade cooperation as well as other issues that both sides face, the Chinese ministry said on Wednesday.
Researchers say Chinese actors, along with other criminal hackers, exploited a security flaw in SharePoint software widely used by governments and businesses.
A U.S. Commerce official has been barred from leaving China since April after having his passport seized, part of a growing trend affecting American citizens and executives.
Indonesia bore the brunt of a sharp fall in China’s coal imports last month, underscoring how Chinese power plants have shifted away from lower-quality fuel due to persistent domestic oversupply.
U.S. President Donald Trump said on Tuesday that he may visit China soon for a landmark trip to address simmering trade and security tensions between the superpower rivals.