On February 7, 2022, the BIS added 33 Chinese entities to the Unverified List, the majority of which were high-end technology companies. The US Commerce Department’s Bureau of Industry and Security (BIS) has announced the removal of 27 parties from the “Unverified List” after it determined it had successfully verified “the legitimacy and reliability of foreign parties receiving US exports”. The entities were originally added to the list because the BIS had been unable to verify their bona fides, which it describes as “legitimacy and reliability relating to the end use and end user of items subject to the EAR Export Administration Regulations”. China and the US have been embroiled in a range of trade disputes since former US President Trump imposed additional trade tariffs (Section 301 tariffs) on Chinese goods in 2018. The disputes have yet to be resolved and bilateral relations have further deteriorated with the imposition of further tit-for-tat sanctions and trade restrictions.
- In the United States, some hard-line anti-communists (most notably libertarian Republican Arizona Senator Barry Goldwater) denounced the decision, but most public opinions supported the move and Nixon saw the jump in the polls he had been hoping for.
- Interconnectivity has created certain vulnerabilities, such as overdependence for critical goods and the potential transfer of dual-use technologies, but it also has created extensive economic and national security benefits that raise the costs of conflict and the value of continued interaction to both sides.
- Updates to the State Department’s fact sheet on Taiwan, released on May 5, 2022, committed key language on the US’ official stance on Taiwan, including that the US “acknowledges the Chinese position that there is but one China and Taiwan is a part of China” and that it “does not support Taiwan independence”.
- Meanwhile, Kerry stated that the US “is willing to strengthen cooperation with China to jointly address urgent global challenges such as climate change”.
Important issues
Xi attended the APEC summit and held the bilateral meeting with Biden despite the fact that Washington made essentially no concessions to get Xi to California. In the months leading up to APEC, the administration issued an executive order on outbound investment, stepped up export controls on the semiconductor industry, and held firm in not sucden financial reveals new brand identity inviting Hong Kong chief executive John Lee to the APEC leaders’ meeting. Beijing has sent signals of potential penalties through its investigation into a few consulting firms and by placing several minerals on its export control list, but it has not pulled the trigger on any of these yet, fearful that doing so would accelerate the decoupling it still hopes to avoid. China and the United States have recently led competing efforts to gain Influence in East Asian and the Greater Asian-Pacific trade and development.
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Second, China’s diplomats seem to believe that this strident, nationalistic tone will underscore the country’s newfound strength, putting a sharp point on its demand to be treated with deference. Third, their assessment that the United States is a declining and hostile power emboldens them to press harder and further. Fourth, these aggressive envoys reveal one consequence of Xi Jinping’s emphasis on what could be called “apparatchik machismo.” “Why did the Soviet Communist Party collapse? Some have pointed to President Trump’s outrageous rhetoric, including toward China, and his America First foreign policy.
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Further exchanges of cabinet-level officials occurred between 1985 and 1989, capped by President Bush’s visit to Beijing in February 1989. The call was “largely performative and an attempt to show the rest of the world that in fact the countries are committed to managing the relationship well – even though the negative dynamics in the relationship has not changed,” Robert Daly, director of the Wilson Center’s Kissinger Institute on China and the United States, said. Despite the areas of disagreement, the White House and Chinese state media described the conversation as “candid and constructive”. The only way to answer fundamental relationship questions is to put aside assumptions and pursue negotiations that will test intentions on the issues that created friction. At the same time, some of China’s most productive sectors, such as technology, are seeing a what is a white-label broker in forex concerted political assault due to fears of ideological corruption or of straying outside of party control. Some have argued that it reflects a China whose power is peaking—to be followed by a slope of decline.
Clean energy and climate change
It also sanctions more Chinese officials, including fourteen members of China’s legislative body, over abuses in Hong Kong, Xinjiang, and elsewhere. Additionally, the White House bans U.S. investments in Chinese companies it says have ties to the People’s Liberation Army. The United States has long been critical of China on human rights issues, and U.S. labor groups have persistently complained about poor working conditions in China. These concerns have resurfaced on the trade agenda in recent years with reports of forced labor in Xinjiang, where China is repressing millions of Uyghurs. Beijing’s 2020 how to invest small amounts of money wisely national security law, which fundamentally altered Hong Kong’s freedoms, is another source of tension; experts say the law could make foreign firms hesitant to do business in the city, jeopardizing its standing as a global financial hub. Defense Secretary Lloyd J. Austin III spoke to Chinese Minister of National Defense General Wei Fenghe for the first time under the Biden Administration.
In terms of policy, the most notable departure from Trump’s approach was the emphasis on addressing Chinese subsidies and overcapacity, an issue that the Trump administration recognized but did not address in its Phase One deal. Tai’s focus on subsidies indicates that the Biden administration will place concerns with China’s nonmarket trade practices squarely at the heart of its trade policy. Instead of laying out a wholly new vision for addressing the challenge posed by China, Tai indicated that the Biden administration largely intends to continue the trade policies developed by President Donald Trump’s administration. The tariffs covering more than two-thirds of Chinese exports to the United States will remain in place, though there will be a revised process for excluding certain goods from the tariffs. (Hundreds of product exclusions granted during the previous administration have expired.) The Biden administration will also use the “Phase One” U.S.-China trade deal, which was negotiated by the Trump administration, as a launch point for future conversations the administration says it plans to have with Beijing soon. Commentary is produced by the Center for Strategic and International Studies (CSIS), a private, tax-exempt institution focusing on international public policy issues.
Thus far, Kerry has met with various Chinese officials, including Premier Li Qiang and top diplomat and Director of the Foreign Affairs Commission Office Wang Yi. In 1971, almost exactly 52 years to the date, Kissinger embarked on a secret diplomatic mission to Beijing as the National Security Advisor to President Richard Nixon, where he met with Premier Zhou Enlai. This trip paved the way for President Nixon’s historic meeting with Chairman Mao Zedong in China in 1972, and eventually to the establishment of diplomatic ties in 1979. According to the readout posted on the Ministry of Foreign Affairs (MFA) website, the two recalled the secret visit that Kissinger made to China 52 years ago – which paved the way for the historic meeting between Chairman Mao Zedong and President Richard Nixon – and the subsequent development of US-China ties. China has denounced the signing of the EO by President Biden, with a Chinese Foreign Ministry spokesperson stating that “China strongly deplores and firmly opposes the US’s single-minded rollout of restrictions on investments in China”.
President Xi reportedly told Kissinger that “Chinese people value friendship, and we will never forget our old friend and your historic contribution to promoting the development of China-US relations and enhancing the friendship between the Chinese and American peoples”. However, President Xi also noted that “China and the US are once again at a crossroads” and that “China is willing to discuss how the two countries can get along correctly with the US and promote the steady development of Chia-US relations”. These three categories were chosen as the target for the program due to their “critical role in accelerating the development of advanced military, intelligence, surveillance, and cyber-enabled capabilities”.
The meetings will take place just a few days ahead of the expected meeting between President Xi Jinping and President Joe Biden at the APEC Summit, which will also be held in San Francisco. The meetings are “designed to further stabilize the bilateral economic relationship and make progress on key economic issues”. Xi and Biden held “candid and constructive” discussions in their first direct communication since their meeting in California in November 2023. According to the White House readout, the discussion sought to advance on progress made in the previous meeting, in particular in areas such as “counternarcotics cooperation, ongoing military-to-military communication, talks to address AI-related risks, and continuing efforts on climate change and people-to-people exchanges”. This move by MOFCOM is widely seen as a retaliatory measure to export controls and anti-dumping measures imposed by the US, the EU, and other countries.
