logo
The China-US trade war is set to keep spiraling: podcast

The China-US trade war is set to keep spiraling: podcast

Reuters24-04-2025

LONDON/NEW YORK, April 24 (Reuters Breakingviews) - Follow on Apple, opens new tab or Spotify, opens new tab. Listen on the Reuters app, opens new tab. Read the episode transcript.
Listen to the podcast, opens new tab
Across multiple administrations and both political parties, the United States has steadily sought to contain the rise of the People's Republic. In this week's Viewsroom podcast, Breakingviews columnists discuss the measurable extent of the break between the global titans.
FURTHER READING
US-China decoupling is crossing a Rubicon
China's US bond holdings are going nowhere fast
Tariffs will force supply chains out of black box
China will struggle to deal with its overcapacity
Visit the Thomson Reuters Privacy Statement, opens new tab for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices, opens new tab to opt-out of targeted advertising.
For more insights like these, click here, opens new tab to try Breakingviews for free.
Editing by Oliver Taslic and Aditya Srivastav
Breakingviews
Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.
Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

UK finance minister Reeves to meet China's vice premier on London trip
UK finance minister Reeves to meet China's vice premier on London trip

Reuters

time27 minutes ago

  • Reuters

UK finance minister Reeves to meet China's vice premier on London trip

LONDON, June 8 (Reuters) - British finance minister Rachel Reeves will hold a meeting with Chinese vice premier He Lifeng during his visit to Britain this week for trade talks with the United States, a British government source said on Sunday. China's foreign ministry said He would be in Britain between June 8 and June 13 when there will be talks in London with three of U.S. President Donald Trump's top aides to try to resolve a trade dispute between the world's two largest economies that has kept global markets on edge. The British government source said Reeves would host He for a bilateral meeting during the trip, although there were no details on when the talks would be held. The British finance minister met He during a visit to China in January, part of British attempts to improve ties with Beijing, one of the main policy goals of Prime Minister Keir Starmer's government. However, many British lawmakers remain sceptical of China amid regular accusations of espionage by spies working for Beijing, and plans for a new large Chinese embassy in London remains a divisive subject, with the opposition Conservative Party saying it must be blocked. The Chinese government wants to build the embassy at Royal Mint Court, a historic site near the Tower of London, which would be its largest in Europe but its requests for planning permission have been rejected by the local council, and the government will make a final decision. The Sunday Times reported that a senior U.S. official had said Washington was "deeply concerned" about the plans, due to its proximity to London's financial hubs and three significant data centres, and approval could impact UK-U.S. trade talks. "These (security) issues will be taken care of assiduously in the planning process," British technology minister Peter Kyle told Sky News on Sunday.

China's super-embassy in London ‘must be blocked' after US warning
China's super-embassy in London ‘must be blocked' after US warning

Telegraph

timean hour ago

  • Telegraph

China's super-embassy in London ‘must be blocked' after US warning

Plans for a new Chinese 'super-embassy' in London must be blocked after a warning from the White House, the Tories have said. Chris Philp, the shadow home secretary, said the proposals for a huge new complex near the city's financial hub pose a 'security risk' and should be thrown out. The proposed 'mega embassy' at the former Royal Mint site near the Tower of London has been locked in a planning battle for years, with the decision called in for review last year. The proposal has proved extremely controversial, with fears the building could effectively become a nest of spies in the heart of London. It has now been reported that the White House has warned the UK to reject the proposals on security grounds, given the site's proximity to a hub of sensitive data near key financial centres. It comes after cyber experts for the UK Government privately sounded the alarm about the plans in an exchange sent to the Ministry of Housing, Communities and Local Government. A senior US official told The Sunday Times: 'The United States is deeply concerned about providing China with potential access to the sensitive communications of one of our closest allies.' On Sunday, Mr Philp said it was 'likely' the embassy would be used as a base for Chinese espionage and urged the Government to block it. Asked for his view on the reports in The Sunday Times, he told Sky News' Sunday Morning with Trevor Phillips: 'Well, I agree with the United States. We think it is a security risk. 'In government the Conservatives were very clear, we should not be allowing the Chinese to build this super-embassy. 'It is likely to become a base for their pan-European espionage activities and it sits very close to, of course, the UK's financial centre. 'It's very close to three critical data centres … data cables connecting, for example, Canary Wharf to the City, run very close or indeed even underneath the site, and it is very likely the Chinese would use it to organise espionage activities. 'We've seen the Chinese government cracking down on dissidents, running secret police stations in the UK, even putting bounties on the heads of dissidents, some of whom I've met. We should not be giving permission to this.' The row presents an awkward dilemma for Sir Keir Starmer, who has pursued a strategy of engagement with Beijing while attempting to maintain a positive relationship with Donald Trump, a prominent China sceptic. The White House official quoted by The Sunday Times said: 'The United States expects that all decisions will be taken with our (both US and UK) national security interests in mind and after thorough mitigation as recommended and approved by counter-intelligence professionals.' Peter Kyle, the Science Secretary, said the UK would offer a 'fulsome response' to any security concerns raised. He told Phillips: 'These issues will be taken care of assiduously in the planning process. 'But just to reassure people, we deal with embassies and these sorts of infrastructure issues all the time. 'We are very experienced of it, and we are very aware of these sorts of issues constantly, not just when new buildings are being done, but all the time.' Asked about the US warning, he said: 'These are the issues that we talk about as two countries all the time… we're in the Five Eyes agreement, America and Britain share intelligence… We are one of the few countries in the world that share intelligence.' He added: 'If people raise security issues even though it relates to planning, then I'm sure we will have a fulsome response for them. But look, the key thing is, these are issues which are quite routinised in the way that we deal with the security of our country. 'This is not new. It's going through planning. These are issues that will be dealt with in that process.'

UK will handle US security concerns over new Chinese embassy plan, says Kyle
UK will handle US security concerns over new Chinese embassy plan, says Kyle

The Independent

timean hour ago

  • The Independent

UK will handle US security concerns over new Chinese embassy plan, says Kyle

Security issues over plans for a Chinese embassy near London's financial centres will be 'taken care of assiduously', a minister said after the White House warned Downing Street against allowing the project to go ahead. Technology Secretary Peter Kyle said the UK would offer a 'fulsome response' to any concerns raised by allies amid suggestions that US opposition could undermine transatlantic trade negotiations. Mr Kyle sought to reassure the public that the Government deals with similar 'infrastructure issues' relating to embassies 'all the time'. 'These issues will be taken care of assiduously in the planning process,' he told Sky News's Sunday Morning With Trevor Phillips programme. He added: 'These are the issues that we talk about as two countries all the time… we're in the Five Eyes agreement, America and Britain share intelligence… If people raise security issues even though it relates to planning, then I'm sure we will have a fulsome response for them. 'But look, the key thing is these are issues which are quite routinised in the way that we deal with the security of our country.' A senior US official had told the Sunday Times: 'The United States is deeply concerned about providing China with potential access to the sensitive communications of one of our closest allies.' The matter is believed to have been discussed during US-UK trade talks, with diplomats saying the Trump administration would have reservations about intelligence sharing with the UK if the building went ahead. More than a thousand demonstrators gathered earlier this year for a rally against the proposed Chinese 'super-embassy' because of concerns about its proximity to Canary Wharf and the City of London. The redevelopment plans at the former site of the Royal Mint were 'called in' last year, which means the Government will make the final decision following a report from the Planning Inspectorate. The plan was initially refused by Tower Hamlets Council in 2022. Shadow home secretary Chris Philp said the embassy was likely to become a base for spying activity and insisted permission should not be given for its development. 'I agree with the United States. We think it is a security risk. 'In government the Conservatives were very clear, we should not be allowing the Chinese to build this super-embassy,' he told Sky News's Sunday Morning With Trevor Phillips show. 'We've seen the Chinese government cracking down on dissidents, running secret police stations in the UK, even putting bounties on the heads of dissidents, some of whom I've met. We should not be giving permission to this.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store