Don't Let National Security Derail US-China Trade Talks
But looming over these negotiations are three significant geopolitical disputes between the US and China that could make reaching a lasting deal and maintaining economic stability difficult. They are the status of Taiwan; ongoing cyberattacks by both sides; and Chinese territorial claims over the South China Sea.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Obama Warns 16 Million Americans Could Lose Health Care As GOP Pushes Trump's 'Big Beautiful Bill' With Deep Medicaid Cuts
Former President Barack Obama warned Wednesday that more than 16 million Americans risk losing their health coverage as House Republicans struggle to advance President Donald Trump's sweeping tax and spending package that includes significant cuts to Medicaid funding. What Happened: 'More than 16 million Americans are at risk of losing their health care because Republicans in Congress are rushing to pass a bill that would cut federal funding for Medicaid and weaken the Affordable Care Act,' Obama said in a social media statement. 'If the House passes this bill, it will increase costs and hurt working class families for generations to come.' Trending: Tired of Grid Failures and Charging Deserts? This Startup Has a Solar Fix and $25M+ in Sales — The former president urged Americans to 'call your representative today and tell them to vote no on this bill,' as House Speaker Mike Johnson (R-La.) worked through the night to secure enough votes for passage by Trump's July 4 deadline, according to the Associated Press report. The legislation, dubbed Trump's 'Big Beautiful Bill,' would implement a $1 trillion Medicaid cut over 10 years while expanding work requirements for able-bodied adults ages 19-64, including parents of children 14 and older. Recipients would need to log 80 hours monthly of work, study, or volunteering to maintain It Matters: The Congressional Budget Office projects that approximately 12 million more Americans would become uninsured by 2034 from the Medicaid provisions alone. States would face increased administrative burdens, conducting eligibility verification twice yearly and income checks every six months. The 887-page bill also targets the Supplemental Nutrition Assistance Program with $295 billion in cuts over a decade, representing the deepest food-aid reduction in modern history. Work requirements would expand to able-bodied adults without small children until age 64, up from 54 under current law. House Republicans faced significant resistance from their own caucus Wednesday night, with several members refusing to vote on the procedural measure. Trump criticized the delay in a midnight social media post, warning holdouts about 'COSTING YOU VOTES!!!' The package includes $4.5 trillion in tax cuts over 10 years, with provisions for deducting tips and overtime pay, plus a temporary $6,000 deduction for seniors earning under $75,000 annually. Defense and immigration enforcement would receive $350 billion in new funding, according to the AP report. Read Next: Maximize saving for your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation. Bezos' Favorite Real Estate Platform Launches A Way To Ride The Ongoing Private Credit Boom Photo courtesy: Gregory Reed / UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Obama Warns 16 Million Americans Could Lose Health Care As GOP Pushes Trump's 'Big Beautiful Bill' With Deep Medicaid Cuts originally appeared on
Bloomberg
an hour ago
- Bloomberg
Live Q&A: How Xiaomi Succeeded in EVs Where Apple Failed
Linda Lew Xiaomi has emerged as the only major tech company to successfully break into the EV market — achieving in three years what Apple couldn't in over a decade. Lei Jun's confident jab at Apple during the Beijing SUV launch — paired with nearly 300,000 orders in under an hour — has sparked a global conversation. With its affordable pricing, slick Porsche-like designs, and seamless smartphone integration, Xiaomi's cars are seeking to redefine the smart vehicle landscape. Bloomberg's Annabelle Droulers, Linda Lew, Katrina Nicholas, and Vlad Savov unpack the rapid rise of Xiaomi's EV ambitions, its competitive edge in China's hyper-charged auto market, and what this means for global players like Tesla. Join the Live Q&A on July 7, 2025 at 11 a.m. HKT / 8:30 a.m. IST / 11 p.m. ET (July 6, 2025) Bloomberg digital subscribers and Terminal clients have the exclusive opportunity to ask our team live questions. This conversation will be recorded and be made available to listen and share.
Yahoo
an hour ago
- Yahoo
Melania Trump Praises Taylor Swift Ahead of 4th of July
Melania Trump recently gave her take on Taylor Swift during a visit to a children's hospital in Washington, D.C. While speaking with young patients about their favorite singers, the First Lady praised the pop star just months after her husband, Donald Trump, mocked the singer on social media. Read on to know more. While visiting children at a Washington, D.C., hospital ahead of the Fourth of July, Melania Trump offered kind words about pop star Taylor Swift. This notable shift comes amid Donald Trump's recent criticism of the singer. During an arts and crafts session at Children's National Hospital, Melania was chatting with a group of young patients when one child excitedly named Swift as their favorite singer. The First Lady responded warmly, calling Swift 'very talented.' This comment comes just weeks after the American President posted on Truth Social, 'Has anyone noticed that, since I said 'I HATE TAYLOR SWIFT,' she's no longer 'HOT?'' Following her exchange with the kids, Melania spent time helping them decorate patriotic crafts in celebration of Independence Day. She brought along teddy bears and other small gifts, greeting the young patients by saying, 'Everybody gets a teddy bear — and more stuff, too.' When she asked if they knew why they were celebrating the next day, one child quickly replied, 'Independence Day!' (via New York Post) Melania encouraged the kids with promises of a big White House party and even invited them to visit the following year when they felt better. She said, 'It's a very special day. So we will have a big party at the White House… When you feel better, maybe next year, you come over and we'll celebrate together.' When another child mentioned that they liked Sabrina Carpenter, the First Lady replied, 'She's great too.' To wrap up the visit, she helped the children plant a new yellow tea rose called 'Eternal Flame' in the garden beds. 'It's beautiful here,' she said, admiring the setup. Originally reported by Disheeta Maheshwari on ComingSoon. The post Melania Trump Praises Taylor Swift Ahead of 4th of July appeared first on Mandatory.
