US President Joe Biden on Saturday said he would be talking to Chinese President Xi Jinping (習近平) “soon,” and is weighing possible action on US tariffs on China that were imposed by the administration of former US president Donald Trump.
Asked whether he had decided to lift any of the tariffs, Biden said: “We’re in the process of doing that... I’m in the process of making up my mind.”
Biden’s administration is weighing what to do about Trump’s tariffs on about US$300 billion of goods imported from the US economy’s biggest competitor. While some businesses have benefited from protection from Chinese imports, companies that use the goods as inputs in areas including manufacturing have been hurt.
Photo: AFP
US Secretary of the Treasury Janet Yellen last week told lawmakers that the Biden administration is looking to “reconfigure” the tariffs and said that they were contributing to higher prices for goods with US inflation running at the hottest pace in 40 years.
Biden declined to say when he would talk to Xi, saying only: “I’m going to be talking to him.”
US officials are working to set up a possible call this summer as tensions run high between the world’s two biggest economies, including on Taiwan, Ukraine and human rights matters.
One person familiar with planning said a potential summer call could come as soon as next month, but any in-person meeting of the two leaders would wait until after the China’s National Party Congress later in the year.
Xi, who is seeking to secure a third term, has also halted international travel since COVID-19 emerged more than two years ago.
Tropical Storm Usagi strengthened to a typhoon yesterday morning and remains on track to brush past southeastern Taiwan from tomorrow to Sunday, the Central Weather Administration (CWA) said yesterday. As of 2pm yesterday, the storm was approximately 950km east-southeast of Oluanpi (鵝鑾鼻), Taiwan proper’s southernmost point, the CWA said. It is expected to enter the Bashi Channel and then turn north, moving into waters southeast of Taiwan, it said. The agency said it could issue a sea warning in the early hours of today and a land warning in the afternoon. As of 2pm yesterday, the storm was moving at
DISCONTENT: The CCP finds positive content about the lives of the Chinese living in Taiwan threatening, as such video could upset people in China, an expert said Chinese spouses of Taiwanese who make videos about their lives in Taiwan have been facing online threats from people in China, a source said yesterday. Some young Chinese spouses of Taiwanese make videos about their lives in Taiwan, often speaking favorably about their living conditions in the nation compared with those in China, the source said. However, the videos have caught the attention of Chinese officials, causing the spouses to come under attack by Beijing’s cyberarmy, they said. “People have been messing with the YouTube channels of these Chinese spouses and have been harassing their family members back in China,”
The Central Weather Administration (CWA) yesterday said there are four weather systems in the western Pacific, with one likely to strengthen into a tropical storm and pose a threat to Taiwan. The nascent tropical storm would be named Usagi and would be the fourth storm in the western Pacific at the moment, along with Typhoon Yinxing and tropical storms Toraji and Manyi, the CWA said. It would be the first time that four tropical cyclones exist simultaneously in November, it added. Records from the meteorology agency showed that three tropical cyclones existed concurrently in January in 1968, 1991 and 1992.
GEOPOLITICAL CONCERNS: Foreign companies such as Nissan, Volkswagen and Konica Minolta have pulled back their operations in China this year Foreign companies pulled more money from China last quarter, a sign that some investors are still pessimistic even as Beijing rolls out stimulus measures aimed at stabilizing growth. China’s direct investment liabilities in its balance of payments dropped US$8.1 billion in the third quarter, data released by the Chinese State Administration of Foreign Exchange showed on Friday. The gauge, which measures foreign direct investment (FDI) in China, was down almost US$13 billion for the first nine months of the year. Foreign investment into China has slumped in the past three years after hitting a record in 2021, a casualty of geopolitical tensions,
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