Daily Memo: Trade Tussles Continue, European Leaders Falter, a Missile Defense Success

All the news worth knowing today.

GPF Staff |December 12, 2018

U.S.-China trade truce? U.S. and Chinese trade representatives are talking again. On Tuesday, Beijing announced that it would return tariffs on U.S. auto imports to pre-trade war levels. But, as we’ve explained, even if the two sides reach an agreement on trade, the U.S. will continue applying pressure on China regarding its efforts to access advanced U.S. technologies. Bloomberg has reported that the U.S. Commerce Department is moving forward with plans to tighten restrictions on technology exports by U.S. firms, and according to the Washington Post, this week multiple U.S. agencies are expected to lay out evidence of continued Chinese efforts to steal U.S. trade secrets and advanced technologies and to compromise government and corporate IT systems. The war over tech is only going to get uglier. As we noted yesterday, Chinese authorities have arrested a former Canadian diplomat, ostensibly in retaliation for Canada’s arrest of Chinese tech giant Huawei’s CFO, who was granted bail

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