Brain Drain: How Trump's Policies Could Wreck American Innovation for Generations
70 years ago, at the height of the Red Scare, the United States deported Qian Xuesen, a pioneering Chinese-born aerospace engineer. The government accused Qian of being a communist, which he denied. Back in China, Qian continued his work, becoming known as the father of Chinese rocketry and laying the foundations for the nation's missile and space programs. Former US Under Secretary of the Navy Dan Kimball called Qian's deportation 'the stupidest thing this country ever did.' Now, the Tr
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Business Upturn
23 minutes ago
- Business Upturn
Trump announces ‘very positive' call with Xi Jinping, says rare earth dispute resolved
By Aditya Bhagchandani Published on June 5, 2025, 20:22 IST United States President Donald Trump on Thursday said he had a 'very good' and detailed phone conversation with Chinese President Xi Jinping, primarily focused on trade issues, including the complexities surrounding rare earth products. Trump said the call lasted nearly one and a half hours and concluded positively for both countries. Posting on Truth Social, Trump shared that the two leaders discussed the implementation of their recently agreed trade deal, which has been under scrutiny after Trump accused Beijing of backtracking on tariff commitments. Trump reiterated that while he respects Xi, he finds him 'extremely hard to make a deal with.' Trump said, 'There should no longer be any questions respecting the complexity of Rare Earth products,' indicating that previous concerns on rare earth supply chains might now be resolved. He confirmed that trade delegations from both nations will meet soon, with the U.S. side to be represented by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and U.S. Trade Representative Jamieson Greer. The exact location and timing will be announced later. The Chinese state-run Xinhua News Agency also confirmed the call was made at Trump's request. Trump noted that Xi extended an invitation for him and the First Lady to visit China, which he accepted. Trump emphasized that the call strictly focused on trade and excluded topics like Russia-Ukraine or Iran. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Axios
24 minutes ago
- Axios
Exclusive: Dems press Trump admin. for response to China-backed cyberattacks
A group of Democratic lawmakers are pressing the Trump administration to clarify who is leading the government's efforts to eradicate China-backed hackers from U.S. critical infrastructure and telecom networks. Why it matters: Roughly 1,000 people have already left the nation's top cyber agency this year through voluntary buyouts and other workforce cuts. Those cuts could create dangerous weaknesses in the nation's cyber defenses, the lawmakers argue in a letter exclusively shared with Axios. Zoom in: Rep. Ritchie Torres (D-N.Y.) sent a letter today to Homeland Security Secretary Kristi Noem and Director of National Intelligence Tulsi Gabbard demanding more clarity on who is leading the response against two major China-backed cyberattacks uncovered during the Biden administration. Democratic Reps. Raja Krishnamoorthi, Kathy Castor, Ro Khanna, Haley Stevens, Shontel Brown and Jill Tokuda joined Torres as signatories. The lawmakers are also requesting Noem and Gabbard provide an update on any ongoing investigations into both the Volt Typhoon attacks on U.S. critical infrastructure and the Salt Typhoon campaign to surveil high-profile individuals' cell phones. The group is also asking for an update on how proposed budget cuts and the recent workforce reductions at CISA will impact those investigations. What they're saying: "This is not a partisan issue. It is a matter of grave consequence for the security of America both at home and abroad," the lawmakers write. "We owe it to the American people to protect them from the specter of a cyber 9/11 at the hands of our most formidable foreign adversary." Threat level: For years, top American officials have been warning about increasing cyber threats from China. China-backed Volt Typhoon has been prepositioning in critical infrastructure — such as water utilities, power plants and railways — for at least five years, according to congressional testimony. Salt Typhoon, another Chinese government-backed group, was caught hacking into several high-profile politicians' phones last year, including President Trump's. "Somewhere, Xi Jinping is smiling at America's insistence on degrading its own cyber capabilities," the lawmakers write.
Yahoo
25 minutes ago
- Yahoo
Trump and Xi Hold First Call in Months
Chinese President Xi Jinping is seen at the Ho Chi Minh Mausoleum in Hanoi on April 15, 2025. Credit - Athit Perawongmetha—POOL/AFP via Getty Images) Trump and Xi Hold First Call in Months, Setting Stage For More Trade Talks President Donald Trump spoke with Chinese leader Xi Jinping on Thursday as tariff negotiations between the world's two largest economies have stalled in recent weeks. The call lasted about 90 minutes and focused 'almost entirely on trade,' Trump said in a social media post Thursday morning. Talks had been expected to take place this week after representatives from both countries met in Geneva last month and agreed to temporarily pause the trade war. China's official Xinhua News Agency said the call took place at Trump's request. Trump said a follow-up trade meeting would be held soon, and that both he and Xi had invited each other for official state visits. Trump said one day earlier that it was difficult to reach a deal with Xi: 'I like President XI of China, always have, and always will, but he is VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH!!!,' Trump wrote on Truth Social on Wednesday. The call was likely the first time they spoke since Trump took office in January. However, in an April interview with TIME, Trump claimed that Xi had already called him—which Chinese officials disputed. Trade negotiations between the two leaders had stalled after both countries agreed on May 12 to temporarily lower tariffs, with Trump dropping his 145% tariffs on Chinese goods to 30% for 90 days, and Xi easing its levies from 125% to 10%. But the Trump Administration has accused China of reneging on the terms by curbing exports of rare earth minerals used by American manufacturers. China has rejected that charge, saying its export controls apply globally and are not targeted at the United States. In response, the Trump Administration has proposed revoking visas for some Chinese students and issuing new export controls on advanced technologies such as jet engine components and A.I. chips. 'China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US,' Trump wrote on Truth Social last week. 'So much for being Mr. NICE GUY!' Trump has made reducing America's dependency on Chinese manufacturing a cornerstone of his second-term agenda. Xi, facing a sluggish post-COVID economy and persistent pressures from a real estate slowdown, is pushing to secure China's dominance in future technologies like electric vehicles and artificial intelligence. The United States ran a $295 billion trade deficit with China in 2024, according to U.S. Census Bureau data, a figure Trump frequently cites as evidence of unfair trade practices. His Administration maintains that only top-level talks can break the current deadlock. Treasury Secretary Scott Bessent recently said that a leader-to-leader exchange was essential to restart negotiations in earnest. Write to Nik Popli at
