economic statecraft reporter for Bloomberg News. RTs not endorsements. opinions mine.
Frankfurt on the Main, Germany
Joined October 2014
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NEW: I wrote a deep dive about how unprepared Europe is for the worst case scenario in the Taiwan Strait and how exposed the continent is economically should war break out — a fact that many European officials are not fully aware of. Germany GDP hit: 14%.
bloomberg.com/news/articles/…
New: Germany's newly formed national security council is holding its inaugural meeting next Wednesday. German Chancellor Merz and his ministers are set to discuss the country’s dependence on China’s rare earths, among other issues. bloomberg.com/news/articles/…
News: @USTradeRep Greer will join @SecScottBessent for China talks in Madrid next week, per US official.
Treasury said earlier they will discuss “key national security, economic, and trade issues of mutual interest, including TikTok and cooperating on money laundering networks.”
USTR Greer didn’t hide his annoyance with China’s chokehold on rare earths and made it clear to his counterpart today.
“We don't ever want to talk about magnets again,” he said. “We just want to have the magnets flowing as they're supposed to be flowing.”
bloomberg.com/news/articles/…
After two days of talks in Stockholm that ended without the announcement of a new truce, I asked @USTradeRep what the biggest concession is China’s made in trade talks so far.
“Well, I would say they blocked all of their rare earth magnets, and now we're getting them,” he said.
After two days of talks in Stockholm that ended without the announcement of a new truce, I asked @USTradeRep what the biggest concession is China’s made in trade talks so far.
“Well, I would say they blocked all of their rare earth magnets, and now we're getting them,” he said.
Update: The trip is off.
President Lai’s office says in a statement: “considering the recovery from the recent southern typhoon, reciprocal tariffs with the United States, and regional situations, the President has no plans for overseas visits in the near future.”
NEWS: As Stockholm talks between the US and China are set to begin within the hour, the Trump team is debating not allowing Taiwan’s president to transit the US next week — out of fear it could derail trade talks and his potential meeting with Xi Jinping. bloomberg.com/news/articles/…
NEWS: As Stockholm talks between the US and China are set to begin within the hour, the Trump team is debating not allowing Taiwan’s president to transit the US next week — out of fear it could derail trade talks and his potential meeting with Xi Jinping. bloomberg.com/news/articles/…
Jenny Leonard retweeted
🚨 New coal mine coming to Tennessee:
"The process was sped up through new environmental review procedures... after @POTUS declared a National Emergency earlier this year."
"The company is expected to produce up to 1.8 MILLION tons of coal over the next 10 years."
Jenny Leonard retweeted
Trump has dialed down his confrontational tone with China in an effort to secure a trade deal & a meeting with Xi, according to people familiar with internal deliberations: bloomberg.com/news/articles/…
@jendeben
Jenny Leonard retweeted
New: BlackRock halted its search for investors to back a multibillion-dollar Ukraine recovery fund earlier this year after Trump's return saw the US sour on Kyiv. The fund was originally meant to be unveiled next week at the Ukraine recovery conference in Rome.
With @jendeben @kehnscherper @darynakrasno et al.
bloomberg.com/news/articles/…
Jenny Leonard retweeted
TSMC has discussed building an advanced fab in the UAE w officials in the Trump admin — specifically Steve Witkoff — as well as MGX, a major investment vehicle in the Gulf nation
Talks began under Biden, died down, & picked back up under Trump
@jendeben bloomberg.com/news/articles/…
Jenny Leonard retweeted
Sacks on Trump admin rifts over natsec implications of Gulf AI chip deals:
"Does China wish it had made these deals? Yes of course it does. But President Trump got there first and beat them to the punch"
@jendeben & my story here, updated w his comments: bloomberg.com/news/articles/…
I’m genuinely perplexed how any self-proclaimed “China Hawk” can claim that President Trump’s AI deals with UAE and Saudi Arabia aren’t hugely beneficial for the United States. As leading semiconductor analyst Dylan Patel observed, these deals “will noticeably shift the balance of power” in America’s favor. The only question you need to ask is: does China wish it had made these deals? Yes of course it does. But President Trump got there first and beat them to the punch.
Jenny Leonard retweeted
NEW: Trump officials including David Sacks say this week's spate of AI chip deals in the Gulf boosts US natsec & economic interests
Other senior admin officials strongly disagree
@jendeben & I have details on the talks, based on around a dozen interviews bloomberg.com/news/articles/…
Jenny Leonard retweeted
New: A possible US-UAE chip deal could see the Gulf nation purchase more than a million advanced Nvidia processors
20% would be for G42, which has drawn scrutiny in DC over China ties. Rest for US firms building capacity in UAE
@jendeben @BenBartenstein
bloomberg.com/news/articles/…
Jenny Leonard retweeted
Another day before you get all the deets.
@jendeben
bloomberg.com/news/articles/…
Jenny Leonard retweeted
NEW: @jendeben & I wrote about the tech giants & foreign leaders trying to shape Trump’s global chip strategy, as the US nears a compliance deadline for trade rules that could redefine tech statecraft
Trump team is far from a consensus on how to proceed🧵
bloomberg.com/news/articles/…
UAE’s Sheikh Tahnoon is having dinner with @POTUS at the WH tonight, @annmarie reports. The meeting comes as the country is seeking to sway the Trump admin to get easier access to Nvidia AI chips. The UAE has spent lots of $ to become a regional powerhouse for AI development.
Jenny Leonard retweeted
NEWS— President Trump’s envoy to the Middle East, Steve Witkoff, plans to visit Moscow for a meeting with President Putin, people familiar tell me and @jendeben.
Jenny Leonard retweeted
Our scoop this morning
Senior officials from the US and Russia are meeting next week in Saudi Arabia to pave the way for a potential leaders’ summit to discuss ending the war in Ukraine, according to people familiar with the matter trib.al/m9dYDyw
