Connect with us
[bsa_pro_ad_space id=12]

Business

Trump Talks To China Leader Xi Jinping About Several Topics As President-Elect Readies Himself For White House

Published

3 minute read

 

From the Daily Caller News Foundation

By Ireland Owens

President-elect Donald Trump announced on a social media post that he spoke over the phone with Chinese President Xi Jinping on Friday about various topics.

Trump wrote in a post on Truth Social that his phone call with the Chinese leader was “a very good one”. The president-elect also stated that he and Xi discussed trade, TikTok, fentanyl and “many other subjects.”

“I just spoke to Chairman Xi Jinping of China,” Trump wrote in the Truth Social post. “The call was a very good one for both China and the U.S.A. It is my expectation that we will solve many problems together, and starting immediately. We discussed balancing Trade, Fentanyl, TikTok, and many other subjects. President Xi and I will do everything possible to make the World more peaceful and safe!”

Trump’s social media post came just hours before the Supreme Court’s decision to uphold a law requiring TikTok’s Chinese owners to divest from the app or face a ban. Following the news of the ruling, Trump wrote in a Truth Social post that the Supreme Court’s decision “was expected, and everyone must respect it.”

“My decision on TikTok will be made in the not too distant future, but I must have time to review the situation,” Trump added. “Stay tuned!”

Trump invited Xi and other global leaders to attend his presidential inauguration, an invitation which the Chinese president reportedly declined. Beijing confirmed on Thursday that it was sending an envoy, Chinese Vice President Han Zheng, to attend Trump’s inauguration.

The president-elect has vowed to impose sweeping tariffs on foreign countries when he returns to office, including on China, Canada and Mexico. Trump has threatened to impose hefty tariffs on both Canada and Mexico if they do not do more to curb the flow of illegal drugs and immigrants being smuggled into the U.S. from the two countries.

Notably, trade tensions between the U.S. and China have been escalating in recent months, with the Biden-Harris administration announcing in December export restrictions on certain chips and semiconductor equipment, a move which Beijing rapidly retaliated against by announcing an export ban on some metals and rare minerals.

China added four U.S. companies to a so-called “Unreliable Entity List” list on Jan. 15 as retaliation against the U.S. government’s recent arms sales to Taiwan.

During his first term, Trump enacted various trade restrictions against Beijing, setting off a contentious trade dispute with Xi’s country. Trump is returning to the White House on Jan. 20.

Todayville is a digital media and technology company. We profile unique stories and events in our community. Register and promote your community event for free.

Follow Author

Business

DOJ drops Biden-era discrimination lawsuit against Elon Musk’s SpaceX

Published on

MXM logo  MxM News

Quick Hit:

The Justice Department has withdrawn a discrimination lawsuit against Elon Musk’s SpaceX that was filed during the Biden administration. The lawsuit accused SpaceX of discriminatory hiring practices against asylum seekers and refugees. The move follows ongoing cost-cutting measures led by Musk as the head of the Department of Government Efficiency under the 47th President Donald Trump’s administration.

Key Details:

  • The DOJ filed an unopposed motion in Texas federal court to lift a stay on the case, signaling its intent to formally dismiss the lawsuit.

  • The lawsuit, filed in 2023, alleged SpaceX required job applicants to be U.S. citizens or permanent residents, a restriction prosecutors argued was unlawful for many positions.

  • Elon Musk criticized the lawsuit as politically motivated, asserting that SpaceX was advised hiring non-permanent residents would violate international arms trafficking laws.

Diving Deeper:

The Justice Department, led by Attorney General Pam Bondi, has moved to drop the discrimination lawsuit against SpaceX, marking another reversal of Biden-era legal actions. The case, initiated in 2023, accused SpaceX of discriminating against asylum seekers and refugees by requiring job applicants to be U.S. citizens or permanent residents. Prosecutors claimed the hiring policy unlawfully discouraged qualified candidates from applying.

The DOJ’s decision to withdraw the case follows a judge’s earlier skepticism about the department’s authority to pursue the claims. No official reason for the withdrawal was provided, and neither Musk, SpaceX, nor the DOJ have issued public statements on the development.

Elon Musk was outspoken in his criticism of the lawsuit, labeling it as a politically motivated attack. Musk argued that SpaceX was repeatedly informed that hiring non-permanent residents would violate international arms trafficking laws, exposing the company to potential criminal penalties. He accused the Biden-era DOJ of weaponizing the case for political purposes.

The decision to drop the lawsuit coincides with Musk’s growing influence within the Trump administration, where he leads the Department of Government Efficiency (DOGE). Under his leadership, DOGE has implemented aggressive cost-cutting measures across federal agencies, including agencies that previously investigated SpaceX. The Federal Aviation Administration (FAA), which proposed fining SpaceX $633,000 for license violations in 2023, is currently under review by DOGE officials embedded within the agency.

Meanwhile, SpaceX’s regulatory challenges appear to be easing. A Texas-based environmental group recently dropped a separate lawsuit accusing the company of water pollution at its launch site near Brownsville. The withdrawal of the DOJ lawsuit signals a significant victory for Musk as he continues to navigate regulatory scrutiny while advancing his business ventures under the Trump administration.

Continue Reading

Business

PepsiCo joins growing list of companies tweaking DEI policies

Published on

MXM logo MxM News

Quick Hit:

PepsiCo is the latest major U.S. company to adjust its diversity, equity, and inclusion (DEI) policies as 47th President Donald Trump continues his campaign to end DEI practices across the federal government and private sector. The company is shifting away from workforce representation goals and repurposing its DEI leadership, signaling a broader trend among American corporations.

Key Details:

  • PepsiCo will end DEI workforce representation goals and transition its chief DEI officer to focus on associate engagement and leadership development.

  • The company is introducing a new “Inclusion for Growth” strategy as its five-year DEI plan concludes.

  • PepsiCo joins other corporations, including Target and Alphabet-owned Google, in reconsidering DEI policies following Trump’s call to end “illegal DEI discrimination and preferences.”

Diving Deeper:

PepsiCo has announced significant changes to its DEI initiatives, aligning with a growing movement among U.S. companies to revisit diversity policies amid political pressure. According to an internal memo, the snacks and beverages giant will no longer pursue DEI workforce representation goals. Instead, its chief DEI officer will transition to a broader role that focuses on associate engagement and leadership development. This shift is part of PepsiCo’s new “Inclusion for Growth” strategy, set to replace its expiring five-year DEI plan.

The company’s decision to reevaluate its DEI policies comes as President Donald Trump continues his push against DEI practices, urging private companies to eliminate what he calls “illegal DEI discrimination and preferences.” Trump has also directed federal agencies to terminate DEI programs and has warned that academic institutions could face federal funding cuts if they continue with such policies.

PepsiCo is not alone in its reassessment. Other major corporations, including Target and Google, have also modified or are considering changes to their DEI programs. This trend reflects a broader corporate response to the evolving political landscape surrounding DEI initiatives.

Additionally, PepsiCo is expanding its supplier base by broadening opportunities for all small businesses to participate, regardless of demographic categories. The company will also discontinue participation in single demographic category surveys, further signaling its shift in approach to DEI.

As companies like PepsiCo navigate these changes, the debate over the future of DEI in corporate America continues. With Trump leading a campaign against these practices, more companies may follow suit in reevaluating their DEI strategies.

Continue Reading

Trending

X