Michael Pillsbury discusses how China’s industrial profits dropped for the first time since December 2015 and how the White House is considering a ban that would stop U.S. companies from buying equipment made by China’s Huawei and ZTE.
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President Donald Trump shakes hands with President of the European Commission Ursula von der Leyen as he announces a trade deal with the EU at Trump Turnberry golf club on July 27, 2025, in Turnberry, Scotland. (Andrew Harnik via Getty Images)