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The Latest Breaking News from Derek Scissors

Trump administration is investing in US rare earths in a push to break China's grip

The U.S. is ramping up efforts to boost production of crucial components used in electric vehicles, smartphones and fighter jets

The Independent UK

China’s economic data is famously unreliable—and could be a warning if Trump meddles with the Bureau of Labor Statistics

Beijing “is really intolerant of economic instability, and so everything gets smoothed,” says Derek Scissors of the American Enterprise Institute.

Fortune

Trump’s tariff formula ‘was rigged’ to get higher rates— and it used the wrong value for one of its variables, conservative think tank says

“What’s driving the policy is that since the 1980s Trump has been a protectionist, and he thinks trade deficits are losses and trade surpluses are profits,” AEI’s Stan Veuger told Fortune.

Fortune

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McCormick's hedge fund days are a double-edged sword in Pennsylvania's Senate race

Before he ran for the Senate in Pennsylvania, David McCormick was a big name on Wall Street as CEO of the world’s largest hedge fund

The Independent UK

Indonesia's $5 billion deal with Tesla is only part of its all-in strategy on nickel mining

The uncertain EV market means the mining push may not be an easy pathway to prosperity.

Fortune

Lawmakers struggle to limit US tech investment in China - Roll Call

China hawks seeking to limit U.S. investment in sensitive technology in China see signs of progress, but aren’t optimistic about action this year.

Roll Call

Trump bashes ‘pro-China’ Biden even as US stance has hardened

President Joe Biden has largely stuck with his predecessor’s tough economic line against China, and even taken it a bit further. But that’s not how former President Donald Trump is telling it.

Tribune News Service

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China Said To Ask Domestic Firms To Shun Big Four Accountants

Beijing is concerned that the audits might give access to information about the problems of the state-owned enterprises that they regard as sensitive, analysts say.

The News Lens

Meeting gives China's Xi a chance to tighten hold on economy

A meeting of the ruling Communist Party to install leaders gives President Xi Jinping, China’s most influential figure in decades, a chance to stack the ranks with allies who share his vision of intensifying pervasive control over entrepreneurs and technology development

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