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CNBC Television
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Trump in Beijing for Image Boost, Chip Talks
In this video, former U.S. Ambassador to China Gary Locke discusses the key objectives and dynamics of President Trump's visit to Beijing. Locke emphasizes that Trump's trip is primarily for 'optics' to project strength and potentially announce relaxations in export controls on advanced chips. He also highlights China's strategic position with its control over rare earths and critical minerals, and the shifting global trade landscape due to factors like tariffs and rerouted production. Locke warns about the de-industrialization effects of China's export practices on the U.S. and Europe.
Topic
Trump-Xi Summit: U.S.-China Trade Talks Advance
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