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      Trump expected to appoint China critics Marco Rubio and Mike Waltz

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      President-elect Donald Trump has reportedly decided to appoint the prominent China hawks Marco Rubio and Mike Waltz as his respective secretary of state and national security adviser.Rubio was arguably the most hawkish option on Trump’s shortlist for secretary of state, and he has in past years advocated for a muscular foreign policy with respect to America’s geopolitical foes, including China, Iran and Cuba.Over the past several years the Florida senator has softened some of his stances to align more closely with Trump’s views. The president-elect accuses past US presidents of leading America into costly and futile wars and has pushed for a more restrained foreign policy.A failed challenger to Trump for the Republican presidential nomination in 2016, Rubio had been rumored to be one of the leading contenders for Trump’s vice-presidential pick before JD Vance was announced.Since his failed run for president, Rubio has served as an informal foreign policy adviser and helped Trump prepare for his first debate against Biden in 2020.Trump has not confirmed the planned appointment, which was first reported by the New York Times. If confirmed, Rubio would be the first Latino to serve as America’s top diplomat once the Republican president-elect takes office in January.While the famously mercurial Trump could always change his mind at the last minute, he appeared to have settled on his pick as of Monday, sources told Reuters.While Rubio was far from the most isolationist option, his likely selection nonetheless underlines a broad shift in Republican foreign policy views under Trump.Once the party of hawks who advocated military intervention and a muscular foreign policy, most of Trump’s allies now preach restraint, particularly in Europe, where many Republicans complain US allies are not paying their fair share on defense.“I’m not on Russia’s side – but unfortunately the reality of it is that the way the war in Ukraine is going to end is with a negotiated settlement,” Rubio told NBC in September.Waltz, a Republican congressman and Trump loyalist who served in the national guard as a colonel, has criticized Chinese activity in the Asia-Pacific and voiced the need for the US to be ready for a potential conflict in the region.Last week, Waltz won re-election to the US House seat representing east-central Florida, which includes Daytona Beach. He defeated the Democrat James Stockton, a pastor and former president of a local NAACP branch.Waltz is a combat-decorated Green Beret and a former White House and Pentagon policy adviser. He was first elected in 2018, replacing the Republican Ron DeSantis, who ran for governor, in Florida’s sixth congressional district.Waltz served multiple combat tours in Afghanistan, and he was awarded four Bronze Stars. He was one of the lawmakers appointed in July to serve on a bipartisan congressional taskforce to investigate the attempted assassination of Trump in Butler, Pennsylvania, in July.After Waltz left the US army, he worked in the Pentagon in the George W Bush administration as policy director for former defense secretaries Donald Rumsfeld and Robert Gates.Under the former vice-president Dick Cheney, Waltz served as a counter-terrorism adviser.In 2021, after Joe Biden ordered a chaotic evacuation from Afghanistan, Waltz asked Biden to reverse course and relaunch military operations in the region. The war in Afghanistan began under Bush after the 11 September 2001 attacks.The Intercept reported that before his run for Congress in 2018 Waltz managed a lucrative defense contracting firm with offices in Afghanistan.Waltz has consistently expressed the need for protecting the Afghan people, saying that US “soldiers will have to go back”. Government reports have stated that US nation-building efforts resulted in the deaths of more than 48,000 civilians and 66,000 Afghan police and military, and widespread torture.In other developments on Trump’s appointments, the governor of South Dakota, Kristi Noem, has been picked to become the next secretary of the Department of Homeland Security, CNN reported on Tuesday, citing two sources.Earlier this year, Noem was widely seen as a potential presidential running mate for Trump. She lost out after recycling a two-decade-old story designed to illustrate decisive leadership that involved her shooting dead a puppy that did not hunt and had bitten members of her family.Reuters contributed to this report More

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      Tariffs, tech and Taiwan: how China hopes to Trump-proof its economy

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      China is bracing itself for four years of volatile relations with its biggest trading partner and geopolitical rival, as the dust settles on the news that Donald Trump will once again be in the White House.On Thursday China’s president, Xi Jinping, congratulated Trump on his victory and said that the two countries must “get along with each other in the new era”, according to a Chinese government readout.“A stable, healthy and sustainable China-US relationship is in the common interest of both countries and is in line with the expectations of the international community,” Xi said.But the reality is that Trump’s second presidency, which will begin as China grapples with a difficult economic situation and an entrenched, bipartisan hawkishness in Washington, will be a challenge for Beijing.“Trump 2.0 is likely to be more destructive than the 2017 version,” said Wang Dong, a professor of international relations at Peking University, in a pre-election interview with Chinese media.“Compared with his first term in office in 2017, Trump’s views in his second campaign in 2024 have not changed much, but the domestic situation and international environment have changed dramatically … during the Trump 2.0 period, China and the United States are likely to have constant friction and conflict”.The trade war ‘will be worse’Analysts have said Trump’s approach to China will be hard to predict. During his last presidency he swung from praising Xi as a great leader and friend, to presiding over a raft of hawkish policies and waging a trade war that pitted the world’s two biggest economies against each other.Xi, now presiding over a far worse domestic economy, is likely hoping to avoid a repeat of the trade war, but may be out of luck. During the campaign, Trump promised to impose tariffs of 60% on all Chinese imports, which could affect $500bn worth of goods, asset managers PineBridge Investments suggested to Reuters.View image in fullscreenYu Jie, a senior research fellow at Chatham House, said that policymakers in Beijing have been preparing for a Trump victory for months. The trade war “will be worse than the first term of Trump,” Yu said. So the Chinese government is trying to lessen its exposure to the US ahead of time.One approach has been to increase China’s trade volumes with global south countries. In September, at the Forum on China-Africa Cooperation summit in Beijing, Xi announced that China would introduce a regime of zero tariffs for developing countries that have diplomatic relations with Beijing, including 33 in Africa. Such policies stand in stark contrast to the economic barriers between China and the US.And amid restrictions from the US and its allies on China’s ability to purchase the most advanced technology for making semiconductors, Chinese firms have become focused on building their own alternatives.The Ministry of Industry and Information Technology recently revealed that it had built a lithography scanner capable of producing chips as small as 65 nanometers. That is still well behind the most cutting-edge technology made by ASML, the Dutch company that has been blocked from selling certain equipment to China because of a Dutch government agreement with the US, but it is still an improvement on where China’s capabilities were even two years ago.‘A poisoned chalice’When it comes to geopolitics, Trump’s unorthodox approach may be an opportunity for Beijing, some analysts noted. With Trump in the White House, “there will be no violence in Taiwan,” said Shen Dingli, a senior international relations scholar in Shanghai. “He will make a deal”.Whether or not any such deal would be acceptable to either Beijing or Taipei is another matter. Trump’s position on Taiwan, which China regards as part of its territory, has been very unclear. During his first presidential term the US increased arms sales to Taiwan and lifted restrictions on contacts between US and Taiwanese officials.However earlier this year Trump called into question the US’s continued support of Taiwan, accusing it of stealing American semiconductor industry, and suggesting Taiwan should pay for US protection.But in an interview last month, Trump said that that he wouldn’t have to use military force to prevent a blockade on Taiwan – one mooted option for a possible Chinese attempt at annexing it – because Xi “respects me and he knows I’m f— crazy”, he was quoted as saying.View image in fullscreenHe promised tariffs of 150-200% if China tried a blockade. But that too raises complications. There are reportedly hundreds of Taiwanese businesses in China, who would all be vulnerable to China-targeted tariffs. On Thursday, Taipei said it would help Taiwanese businesses to relocate production from China, ahead of Trump tariffs. Economy minister JW Kuo said the impact on the businesses otherwise would be “quite large”.Drew Thompson, senior fellow at the S. Rajaratnam school of international studies says Trump would be unlikely to use Taiwan as a bargaining chip in any “deal” with Xi. If only because Xi is unlikely to accept it as one.“The trade itself is a poisoned chalice for Xi because he is conceding [Taiwan] is not already part of China and he needs to trade for it.”Alexander Huang, an associate professor at Tamkang University, told a panel in Taipei on Thursday that while Trump’s behaviour may be unpredictable, his logic was not. “He does not want the US to be taken advantage of,” Huang said, suggesting that if Trump were to commit US forces to defend Taiwan against China, it would be purely to protect US interests.One of the major sticking points in China’s relationship with the west in recent years has been its continued economic and political support for Russia during the invasion of Ukraine. Xi presents himself as a global statesman who can help to broker peace, but western analysts say that China’s deepening economic and political ties have prolonged rather than resolved the crisis.Trump has claimed that he could end the war “in 24 hours”. But many US allies fear the more likely outcome is that Trump reduces the flow of military aid to Ukraine, or pressures Kyiv to accept a deal in which it loses control of some territory to Russia.“If Trump’s support to Ukraine reduces, that gives China a chance to jump to the negotiating table,” Yu said. Along with the ongoing war in Gaza, “Beijing will exploit the line that the US is the single most destructive force in the world, while Beijing brings stability”. More

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      U.S. Farmers Brace for New Trump Trade Wars Amid Tariff Threats

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      Despite their concerns, some farm operators still support the former president and prefer his overall economic plan.To former President Donald J. Trump, “tariff” is the most beautiful word in the dictionary.But to farmers in rural America, the blanket import duties that Mr. Trump wants to enact if elected are a nightmare that they would rather not live through again.As president, Mr. Trump imposed tariffs in 2018 and 2019 on $300 billion of Chinese imports, a punishment he wielded in order to get China to negotiate a trade deal with the United States. His action triggered a trade war between Washington and Beijing, with China slapping retaliatory tariffs on American products. It also shifted more of its soybean purchases to Brazil and Argentina, hurting U.S. soybean farmers who had long relied on the Chinese market.When Mr. Trump finally announced a limited trade deal in 2019, American farmers were frazzled and subsisting on subsidies that the Trump administration had handed out to keep them afloat.Now it could happen all over again.“The prospect of additional tariffs doesn’t sound good,” said Leslie Bowman, a corn and soybean farmer from Chambersburg, Pa. “The idea of tariffs is to protect U.S. industries, but for the agricultural industry, it’s going to hurt.”The support of farmers in swing states such as Pennsylvania could be pivotal in determining the outcome of Tuesday’s election. Mr. Trump remains popular in rural America, and voters such as Mr. Bowman say they are weighing a variety of factors as they consider whom to vote for.Mr. Trump has said that if he wins the election he will put tariffs as high as 50 percent on imports from around the world. Tariffs on Chinese imports could be even higher, and some foreign products would face levies upward of 200 percent. Economists have warned that such tariffs could reignite inflation, slow economic growth and harm the industries that Mr. Trump says he wants to help.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Elon Musk’s SpaceX, Already a Leader in Satellites, Gets Into the Spy Game

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      The Pentagon needs what the company offers to compete with China even as it frets over its potential for dominance and the billionaire’s global interests.The breakthrough came last month, about 600 miles above Earth.For the first time, the Pentagon’s Space Development Agency used lasers transmitting data at light speed to communicate between military satellites on a secure network, making it easier to track enemy missiles and if necessary shoot them down.It was a milestone not only for the Pentagon. This was a defining moment for a certain up-and-coming military contractor that had built key parts of this new system: Elon Musk’s SpaceX.SpaceX over the last year started to move in a big way into the business of building military and spy satellites, an industry that has long been dominated by major contractors like Raytheon and Northrop Grumman as well as smaller players like York Space Systems.This shift comes as the Pentagon and U.S. spy agencies are preparing to spend billions of dollars to build a series of new constellations of low-earth-orbit satellites, much of it in response to recent moves by China to build its own space-based military systems.SpaceX is poised to capitalize on that, generating a new wave of questions inside the federal government about the company’s growing dominance as a military space contractor and Mr. Musk’s extensive business operations in China and his relations with foreign government leaders, possibly including President Vladimir V. Putin of Russia. Mr. Musk is also unpredictable in a sector in which security is often perceived to be synonymous with predictability. He chafes at many of the processes and rules of government, saying they hold back progress, and wants to make his own calls.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      China’s Latest Security Target: Halloween Partygoers

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      Last year, the Shanghai government said Halloween celebrations were a sign of “cultural tolerance.” This year, the police rounded up people in costume.Social media videos verified by The New York Times showed police in Shanghai escorting away people dressed in costumes.The police escorted the Buddha down the street, one officer steering him with both hands. They hurried a giant poop emoji out of a cheering dance circle in a public park. They also pounced on Donald J. Trump with a bandaged ear, and pushed a Kim Kardashian look-alike, in a tight black dress and pearls, into a police van, while she turned and waved to a crowd of onlookers.The authorities in Shanghai were on high alert this past weekend, against a pressing threat: Halloween.Officials there clamped down on Halloween celebrations this year, after many young people turned last year’s festivities into a rare public outlet for political or social criticism. People had poured into the streets dressed up as Covid testing workers, to mock the three years of lockdowns they had just endured; they plastered themselves in job advertisements, amid a weak employment market; they cross-dressed, seizing the opportunity to express L.G.B.T.Q. identities without being stigmatized.At the time, many on Chinese social media celebrated the revelries as a joyous form of collective therapy. The Shanghai government even issued a news release saying the celebrations were proof of the city’s “cultural tolerance” and the “wisdom of its urban managers.”“There is an absence of festivals in China solely dedicated to the simple pleasures of having fun,” it said. “Halloween has filled the void.”But the authorities have grown increasingly restrictive toward personal expression in recent years, including seemingly apolitical expression. They are also wary of impromptu crowds, especially after the anti-lockdown protests in 2022. And so, for all their praise last year, this year they seemed determined to prevent a repeat.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Chinese hackers collected audio from a Trump campaign adviser’s calls – report

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      Chinese state-affiliated hackers intercepted audio from the phone calls of US political figures, including an unnamed campaign adviser of Donald Trump, the Washington Post reported Sunday.Various media outlets reported on Friday that the Trump campaign was made aware last week that the Republican presidential candidate and his running mate JD Vance were among a number of people inside and outside of government whose phone numbers were targeted through the infiltration of Verizon phone systems.The FBI and the US cybersecurity and infrastructure security agency confirmed they were investigating unauthorized access to commercial telecommunications infrastructure by people associated with China, though they did not not name the Trump campaign in the statement.Reuters later reported that Chinese hackers also targeted phones used by people affiliated with the campaign of Kamala Harris.The Post now reports that the hackers were able to access audio from a phone call from a Trump campaign adviser, as well as unencrypted communications such as text messages of the individual.Trump’s campaign and the FBI did not immediately respond to a request for comment.The Trump campaign was hacked earlier this year. The US justice department charged three members of Iran’s Revolutionary Guard Corps with the hack, accusing them of trying to disrupt the 5 November election.Verizon said on Friday it was aware of a sophisticated attempt to target US telecoms and gather intelligence and is working with law enforcement.Congress is also investigating and earlier this month US lawmakers asked AT&T, Verizon and Lumen Technologies to answer questions about reports Chinese hackers accessed the networks of US broadband providers.The Chinese embassy in Washington DC said last week it was unaware of the specific situation but said China opposes and combats cyberattacks and cyber thefts in all forms. More

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      China-linked bots targeting Republicans including Marco Rubio in run-up to election, Microsoft says

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      An army of Chinese-controlled social media bots is attempting to influence voters in Alabama, Texas and Tennessee, while denigrating US Senator Marco Rubio of Florida, according to new research published on Wednesday by Microsoft.The operation represents a coordinated interference effort against down-ballot races, experts say, in which the fake accounts are denigrating representative Barry Moore of Alabama, representative Michael McCaul of Texas, Tennessee Senator Marsha Blackburn and Rubio, all Republicans.The troll network has “parroted antisemitic messages, amplified accusations of corruption and promoted opposition candidates”, according to Microsoft.The group allegedly responsible is known as Taizi Flood, which has been previously associated with China’s Ministry of Public Security, researchers say. The lawmakers were each targeted because they had denounced Chinese government policies historically, the report noted.A spokesperson for China’s embassy in Washington said China “has no intention and will not interfere in the US election” and that such claims are “full of malicious speculations”.Among other things, the bots criticised Moore’s support for Israel and used antisemitic language. Another collective of related accounts claimed Rubio was part of a financial corruption scheme.The bots amplified support for Blackburn’s election rival while spreading claims she took money from pharmaceutical companies. With McCaul, they pushed narratives that he engaged in insider trading.A spokesperson for Moore, Madison Green, said his office was aware of the campaign.“We know that the CCP is antisemitic, so it isn’t surprising that they are targeting me and other politicians who support Israel to try to sow division in advance of the most important election in our lifetime,” said Moore, referring to the Chinese Communist party.“China has made it clear they will use every weapon in their arsenal, including offensive cyber capabilities, to try and destroy democracy across the world,” he added.In an emailed statement, McCaul said he considered the targeting a “badge of honour” as he’s made “standing up to the CCP a central part of my career”.Spokespeople for the other two lawmakers did not immediately respond to a request for comment.The Office of the Director of National Intelligence, which is coordinating the federal effort to defend the election from foreign influence, did not immediately respond to a request for comment.Moore, McCaul and Blackburn are all running for re-election next month. Rubio, who serves as vice-chair of the Senate intelligence committee, is not up for re-election until 2028.The Microsoft researchers found the influence effort did not result “in high levels of engagement”. The report did not provide any metrics for how many Americans viewed the relevant social media posts. More

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      HSBC Announces Restructuring and Names First Female C.F.O.

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      The restructuring of Europe’s largest lender comes as it looks to cut costs and navigate a diplomatic minefield across its sprawling operations.HSBC announced its biggest restructuring in a decade this morning, splitting itself into four divisions, combining some of its commercial and investment banking operations and reshuffling management.The changes come as Europe’s largest lender looks to cut costs and navigate a diplomatic minefield between China and the West, and are the first since Georges Elhedery became chief executive in April.The bank will make its British and Hong Kong banking units into two stand-alone entities. A new corporate and institutional banking division will house commercial banking outside Britain and Hong Kong, as well as the markets and investment banking business. HSBC’s private banking, asset management and insurance businesses will be become part of an international wealth and premier banking unit.The lender will also create an Eastern regional division that will pair its Asia Pacific and Middle East operations. Europe, Britain and the Americas will be grouped in another.With rates under pressure, banks are scrambling to cut costs. HSBC reported better-than-expected second quarter results, but some analysts worry that the lender is exposed to big rate cuts by the Federal Reserve and other central banks.HSBC is also at the front line of trade tensions between the West and China. The bank is listed in London but makes most of its money in Asia. It was caught in the crossfire during the pro-democracy protests in Hong Kong in 2019. Last year, investors rejected a plan backed by Ping An, a Chinese insurer and one of HSBC’s biggest shareholders, for the bank to separate its Asia operations.Mr. Elhedery said the changes had been designed to simplify operations. “The new structure will result in a simpler, more dynamic and agile organization as we focus on executing against our strategic priorities, which remain unchanged,” he said in a statement.But investors shrugged off the latest changes. HSBC’s shares are up almost 10 percent over the past year but barely moved this morning. That’s partly because details weren’t revealed on how much the restructuring would cost, how many roles would be cut and how much money would be saved. Some analysts also want to know what other parts of the group could be cut next.HSBC also announced that Pam Kaur, the chief risk and compliance officer, will become the chief financial officer. Ms. Kaur, who joined the bank in 2013, will be the first woman to hold that role at the bank. More