White House Suggests Low Chance on U.S.-China Tariff Truce Extension
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The U.S.-China trade truce appears headed for a deadline clash, with no extension in sight. We have the details from Thursday's White House briefing. Beijing turns up the heat on U.S. tech, summoning Nvidia over security fears—just days after tense trade talks in Stockholm. What's the real message behind the move? Panama’s legal challenge to CK Hutchison’s port deal threatens to block not only a $20 billion U.S.-led bid, but also Beijing’s backup plan to install a Chinese partner at the table. Chinese tech giant Huawei is facing growing scrutiny in Europe.Spanish telecom giant Telefonica is replacing all of its Huawei-made 5G equipment in Spain and Germany to comply with local rules.