Business & Economy
Why the U.S.-China thaw is harder than it looks
Good morning. My Scottish cousin extolled the virtues of his Chinese-made handset while visiting me in New York this weekend, arguing that my Apple iPhone can’t compete when it comes to on-device AI agents and integration.
AI Summary
U.S. consumers cannot buy many Chinese products, such as BYD’s Seagull electric car starting at about $8,000, Chinese humanoid robots, or the integrated services of WeChat, because U.S. carriers do not sell or support most Chinese brands. The bans stem from security concerns, intellectual property theft, and accusations of unfair competition from state subsidies. Despite these restrictions, Chinese companies have advanced ahead of U.S. rivals in key technologies, prompting some U.S. CEOs and entrepreneurs to consider accessing those innovations. This context frames the recent China‑U.S. summit, where President Donald Trump and President Xi Jinping appeared to show a warming tone.
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