Trump in China for a high-level summit with President Xi Jinping
US President Donald Trump arrived in Beijing on Wednesday, accompanied by senior American officials and business leaders, amid the ongoing Iran nuclear deal and pressing questions about the future of US-China economic relations. On the eve of Trump’s scheduled meeting with Chinese leader Xi Jinping on Thursday, the White House left the door open to an agreement on Chinese direct investment in the United States, according to the media outlet Semafor. However, a former national security official in the Trump administration warned that any investment offer from Xi in the US manufacturing sector would be a “Trojan horse”—a trap Washington should not fall into. American automakers are particularly concerned about the prospect of Chinese investment in the US electric vehicle sector, an idea the US Commerce Secretary categorically dismissed last month. (AlloAfricaNews)
