Trump said on Sunday that he’d delay additional tariffs on Chinese goods originally scheduled to begin on Mar 1. He cited “substantial progress” in trade talks between the US and China in several of his Twitter posts in a series of posts on Twitter.
Saturday marked the fifth straight day of the negotiations between the world’s two biggest economies. Talks were extended through the weekend after both sides reported progress in narrowing their differences. The Chinese delegation is scheduled to leave for Beijing on Monday, according to a person familiar with their itinerary. This is the fourth round of negotiations since Washington and Beijing agreed to a ceasefire in their trade war.
Will the US and China enter a long-term technological arms race? The Economist Intelligence Unit (The EIU) said it’s highly likely. “The likelihood that the US and China will make some progress in the ongoing trade talks has increased as a result of mounting domestic pressure in both economies,” said Cailin Birch, Global Economist at The EIU. “Nonetheless, we do not expect a meaningful agreement, as the US and China enter into a strategic competition for economic--and particularly technological--dominance."
A U.S. biotech company will no longer allow China to purchase equipment believed to have been used to help the ruling Communist Party create a DNA database of the country’s Uighur minority. China in recent years has been able to ramp up its controversial monitoring and detaining of the ethnic group mostly situation in the Xinjiang province with the "help of Americans", according to a New York Times report.
Businesses and government agencies in the United States have been targeted in aggressive attacks by Iranian and Chinese hackers who security experts believe have been energized by President Trump’s withdrawal from the Iran nuclear deal last year and his trade conflicts with China.
Chinese government makes their goal clear. China aims to become the global leader in innovation and manufacturing. This would be an unacceptable outcome for American workers. To drive our own development in a competitive, global economy, we must prioritize the high-wage industries of the 21st century, to the benefit of American businesses, workers, and their families.
The takeaway from Washington is this: You cannot have the No. 1 economy in the world be a capitalist, democratic system and the No. 2 economy be a hybrid capitalist system ruled by the communist party, a party that sets the table for economic development. The rules are totally different. Something’s got to give. So far, China has opened a bit more, and the U.S. has closed a bit more by way of increasing trade tariffs.
Nineteen minutes. That’s how long the average victim of a Russian state-sponsored hacking group has to react before the initial penetration of a network becomes wider access, theft, and destruction, according to data published today by computer security company CrowdStrike.
A massive database for 2,565,724 people -- with names, ID card number, expiration date, home address, date of birth, nationality, gender, photograph, employer and GPS coordinates of locations -- was left online without authentication, according to a report from ZDNet. Security researcher Victor Gevers, who found the database, told ZDNet that over a 24-hour period, a steady stream of nearly 6.7 million GPS coordinates was recorded, which means the database was actively tracking Uyghur Muslims as they moved around Xinjiang province in China.
A new U.S. intelligence report warns that both China and Russia are investing in weapons that could attack U.S. satellites and assets in space, and that both nations are now preparing to use space as a battlefield. Last month, the Defense Intelligence Agency released a report about China's military capabilities, warning that the Asian country was making advances in counterspace technology that could threaten U.S. satellites responsible for communications, reconnaissance, GPS and early warnings of missile launches.