Gavin Bade

They say that all of their employees were legal to work in the U.S.

It was all from their suppliers and they say they're not the target of the investigation.

The Chinese embassy says Chinese companies make investments and employ a lot of people in the U.S.

So it's also worth mentioning that Fuyao, of course, employs a lot of people in Ohio.

And if you listen to business leaders there, they really welcome their presence.

We could.

Foreign direct investment from China into the US really fell off a cliff since 2018.

But we are seeing some places where they did get a toehold.

We also see some interest from Chinese companies in investing in some other sectors, whether that's copper mining and processing or looking at getting into the automotive sector more broadly.

And we've also seen President Trump at least verbally welcome that, right?

He said just last month when he was speaking to the Detroit Economic Club, he said, let China in, let them invest in factories, let them create jobs here.

Well, that is a double edged sword, so to speak.

What China hawks in Washington would say is if you let companies that come from a non-market economy like China, that is going to hollow out American manufacturing from within.

Always a pleasure, Alex.

Thank you.

The U.S.

and China are supposedly in a trade truce right now after a meeting last October between President Trump and Xi Jinping where they agreed to keep the trade war to a dull roar for the next few months in anticipation of a leaders' summit this spring.

One would assume if the Trump administration increases tariffs on China by 25%, that could put that summit at risk coming this spring.

The other question is about what legal authority would underpin this tariff threat.

Typically, when Trump has threatened tariffs like this before, he has used the emergency powers under a law called IEPA, the International Emergency Economic Powers Act.