Biden's tough China policy poses business risk to some of his biggest donors

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The new president seems ready to follow the path set by his predecessor. That may not sit well with big campaign contributors from Wall Street to Silicon Valley to Hollywood, who are fixated on the massive—and still growing—Chinese market.

employees gave to presidential campaigns, 84 percent to Biden. Altogether the TV, music and movie industries gave $19 million to the Biden campaign, and just $10 million to Trump, the Center for Responsive Politics reports.

The use of the word"genocide" put the administration in a bind. As the Wall Street lobbyist—who asked not to be identified in order to speak openly—put it,"You can't accuse another government of 'genocide' and then do nothing. There have to be consequences.

Workers produce disposable medical flat masks and N95 three-dimensional protective masks at a medical workshop in Qinhuangdao, north China's Hebei Province, Jan 8, 2021.The hurried investigation and subsequent WHO press conference were a fiasco. NSC adviser Sullivan had to issue a statement saying the Biden administration still had questions about how the WHO had come to its conclusion, and called on Beijing to provide more data from the outbreak's early days.

Aside from occasional public rhetoric, the Trump administration did not emphasize working with allies when it came to decoupling. Seoul and Tokyo will be happy to have those conversations, but the extent to which Japanese and South Korean companies are willing to disengage is at best uncertain. Their economies are now far more intertwined with China's than the U.S. is. As the Rhodium Group's report says, U.S. competitors might just as soon snap up Chinese customers if U.S. firms leave.

The Pentagon's longer-term fear, says the source participating in the defense review, is that it will inevitably come under pressure for cuts in spending in the next couple of years. That was true even before the pandemic. The source half-jokingly says he worries that the Biden"pivot to Asia" will end up being as inconsequential, militarily, as was Obama's. Despite much fanfare about the"pivot," only a handful of troops ended up redeployed to Asia .

 

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Not to mention that China’s economy is recovering far faster than America, largely due to how the two countries handled Covid. Even if we pretend America is fully recovered China still has the upper hand with their booming economy. I don’t think trade policy is going to effect it

does Daniel Villarreal have an editor? “Rep. Louis Gallego...” article says Air Force Vet was killed breaching Pelosi’s office and I watched her get shot breaking into the chamber of Congress while members were still in the room. He cites the latimes Get it together!!!

The Financier of old English money will drain the Chinese markets in 6 months if they chose to and not even the Chinese will know what hit them !

If England wants America back , they will take it back no matter what the Chinese do !

Democrats are trying to divert attention from border crisis to Russia hoax

Yeah, fuck it! Those commies spend money just like everybody else! Who gives a shit who they torture!

Iran is one of the richest countries in the world and because of this corrupt regime, people are living in the poverty! Please be our voices!

Isn’t it disgusting that policies that shape our country can be influenced by donors? Big problem on both sides of the aisle

As an Iranian I thank you for covering this topic in your media. Over 90% of Iranians are against this barbaric regime. But we are being silenced!

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Should we be worried about Wall St, Hollywood & Tech betraying American security & economic interests for Chinese Yuan?

President Biden POTUS VP just dusted off Trump's 'CLOSED' sign and locked the door behind him ? Divessity lottery winners(2017-2020) P.P9645 ARE STILL BARRED ! muslimban chantaladasilva ACLU NILC ADC MuslimAdvocates rashidatlaib manaro_77 aayoub Ckuck llhanMN

Plenty of known facts point to the Virology Institute in Wuhan as the source of COVID-19. They admit to collecting viruses from bats in Southern China for years. An American scientist with insider knowledge admits the corona virus is easily manipulated. Connect the dots ...

They want to continue to rely on China Trade ? Fine by me. Just don’t cry for government handouts when burnt. Of course, if one doesn’t feel one will get burnt, go ahead.

News week has really gone in the toilet over the past decade. 20 years ago I was required to get news week by my AP English teacher. I seriously doubt that English teacher even subscribed today. Some print media died an unfair death. However has outlived its usefulness

Biden’s anti-China? Can Hunter help?

Ironic 😂

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