Emily Fang
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But after a Chinese state deal with the Vatican, the Vatican recognized the Chinese bishops in 2018, who are appointed in part with input from state religious regulators. A deal condemned by a leading Hong Kong cardinal as, quote, an incredible betrayal. The Italian cardinal, Pietro Parolin, who shepherded the deal, was a leading contender for pope during this last conclave. Emily Fang, NPR News.
Right. I feel like we've been here before, but the stakes this time are much higher. The rates, as you just laid out, are much higher. And what's interesting is China has taken a much more defiant position this time around regarding trade. Neither country seemed willing to make the first move this time around. The Levies in the last couple of weeks kept climbing.
Right. I feel like we've been here before, but the stakes this time are much higher. The rates, as you just laid out, are much higher. And what's interesting is China has taken a much more defiant position this time around regarding trade. Neither country seemed willing to make the first move this time around. The Levies in the last couple of weeks kept climbing.
Right. I feel like we've been here before, but the stakes this time are much higher. The rates, as you just laid out, are much higher. And what's interesting is China has taken a much more defiant position this time around regarding trade. Neither country seemed willing to make the first move this time around. The Levies in the last couple of weeks kept climbing.
China reached a point where its foreign ministry said it would, quote, fight to the end. And going into the talks just now, its commerce ministry said it was not going to accept any, quote, coercion or blackmail.
China reached a point where its foreign ministry said it would, quote, fight to the end. And going into the talks just now, its commerce ministry said it was not going to accept any, quote, coercion or blackmail.
China reached a point where its foreign ministry said it would, quote, fight to the end. And going into the talks just now, its commerce ministry said it was not going to accept any, quote, coercion or blackmail.
No. And Scott Besant, the U.S. Treasury Secretary, who is going to these talks, said as much this week. But it could be a chance for both countries to de-escalate and cool off. China, for example, says it wants to see, quote, sincerity as in having the U.S. drop its tariffs ahead of the meeting, which is something that the White House has outright said is not going to happen.
No. And Scott Besant, the U.S. Treasury Secretary, who is going to these talks, said as much this week. But it could be a chance for both countries to de-escalate and cool off. China, for example, says it wants to see, quote, sincerity as in having the U.S. drop its tariffs ahead of the meeting, which is something that the White House has outright said is not going to happen.
No. And Scott Besant, the U.S. Treasury Secretary, who is going to these talks, said as much this week. But it could be a chance for both countries to de-escalate and cool off. China, for example, says it wants to see, quote, sincerity as in having the U.S. drop its tariffs ahead of the meeting, which is something that the White House has outright said is not going to happen.
Another big challenge is these two countries have very different negotiating styles, and it's not clear to the Chinese what the U.S. want, you know, what the end goals of these tariffs are. Trump has said they're to punish China for not doing enough to stop fentanyl trafficking, but he's also said he wants to use these tariffs to make China buy more from the U.S.,
Another big challenge is these two countries have very different negotiating styles, and it's not clear to the Chinese what the U.S. want, you know, what the end goals of these tariffs are. Trump has said they're to punish China for not doing enough to stop fentanyl trafficking, but he's also said he wants to use these tariffs to make China buy more from the U.S.,
Another big challenge is these two countries have very different negotiating styles, and it's not clear to the Chinese what the U.S. want, you know, what the end goals of these tariffs are. Trump has said they're to punish China for not doing enough to stop fentanyl trafficking, but he's also said he wants to use these tariffs to make China buy more from the U.S.,
As for what China might ask for this weekend, I asked Mary Lovely, who monitors trade policy at the nonpartisan economics think tank, the Peterson Institute in Washington. She told me their number one ask is rollback on U.S. export controls on semiconductor chips.
As for what China might ask for this weekend, I asked Mary Lovely, who monitors trade policy at the nonpartisan economics think tank, the Peterson Institute in Washington. She told me their number one ask is rollback on U.S. export controls on semiconductor chips.
As for what China might ask for this weekend, I asked Mary Lovely, who monitors trade policy at the nonpartisan economics think tank, the Peterson Institute in Washington. She told me their number one ask is rollback on U.S. export controls on semiconductor chips.
But this is not something the U.S. is likely going to want to do.
But this is not something the U.S. is likely going to want to do.
But this is not something the U.S. is likely going to want to do.
they feel pretty confident. But tariffs are also hurting China. You know, it's been only a few weeks. At the same time, though, Beijing has been preparing for just such an economic standoff with the U.S. for years. They've been shoring up their supply chains. This week, they just announced monetary changes to cushion themselves economically a bit from, among other things, tariffs.