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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Ceremonial soldiers parade during the 79th anniversary of the Victory Day in Red Square in Moscow, Russia, on May 9, 2024. (Sefa Karacan via Getty Images)