INTERNACIONAL
China cozies up as Trump touts delegation of richest business heavyweights at Xi summit
US-China trade: Nvidia chips, auto market, IP theft underscore complex relationship
U.S.-China trade discussions intensify as President Trump’s administration navigates complex issues, including U.S. Commerce Department’s decision to allow Nvidia H200 chip sales to 10 Chinese firms. Experts also warn against allowing Chinese electric vehicles into the American market, citing intellectual property theft concerns. Geopolitical and economic stability for both nations remain central to the ongoing talks.
NEWYou can now listen to Fox News articles!
As details emerge from President Donald Trump’s meeting with Chinese President Xi Jinping, a key reality is coming into focus: China still wants U.S. business and Trump may have the upper hand.
Trump’s high-profile business delegation highlights the economic balancing act the two nations are seeking to strike. Xi wants investment and continued access to American corporate power, while Trump is positioning himself to use trade pressure and market access as leverage with Beijing.
The heavyweight lineup alongside Trump for the trip includes tech executives like Apple’s Tim Cook, Tesla and SpaceX’s Elon Musk, Nvidia’s Jensen Huang, Micron’s Sanjay Mehrotra and Meta’s Dina Powell McCormick.
The overlap between politics and business was clear even before the meetings began. Huang was reportedly added to Trump’s trip at the last minute. He even secured a seat on Air Force One — a sign of Nvidia’s central role in the global chip race and broader U.S.-China tech tensions.
TRUMP GETS RED-CARPET WELCOME IN CHINA, BUT PAST BEIJING TRIP SHOWS PAGEANTRY ONLY GOES SO FAR
Elon Musk, the world’s richest person, arrived in Beijing aboard Air Force One as part of President Donald Trump’s delegation for talks with Chinese President Xi Jinping. (Johannes Neudecker/picture alliance/Getty Images)
Also on the trip were Blackstone’s Stephen Schwarzman, BlackRock’s Larry Fink, Citigroup’s Jane Fraser and Goldman Sachs’ David Solomon.
Many joining the president rank among the world’s wealthiest business leaders. Musk, for example, is the richest person in the world, according to the Bloomberg Billionaires Index, while Schwarzman and Huang have amassed fortunes in the tens of billions.
Together, the group represents trillions in corporate power with deep business ties to China despite years of trade tensions between the world’s two largest economies. Their companies still rely heavily on Chinese consumers, manufacturing and supply chains, even as Washington and Beijing clash over tariffs, technology and national security.
That influence is already showing up in the talks.
Both sides discussed expanding access for U.S. companies into Chinese markets, a top priority for executives on the trip. Xi said his opportunities in his country «will only open wider and wider,» according to Chinese state media.
‘INTENSE STANDOFF’ ERUPTS BETWEEN SECRET SERVICE, CHINESE OFFICIALS DURING TRUMP-XI EVENT: REPORT
Nvidia CEO Jensen Huang arrived with President Donald Trump’s delegation to Beijing, China. (Alex Wong/Getty Images)
At the same time, Washington is weighing steps that directly affect those firms. The U.S. could allow Nvidia to sell its H200 chips, a step below its most advanced semiconductors, to a limited number of Chinese companies, according to Reuters, even as broader disputes over artificial intelligence and export controls remain unresolved.
They also discussed increased Chinese investment in the U.S. and purchases of American goods, including beef, soybeans and Boeing aircraft, long-standing trade pressure points.
But the cooperative tone was also laced with threats.
Xi warned against a potential clash between the U.S. and China and delivered a blunt message on Taiwan, a key flashpoint and hub for advanced semiconductor production.
That mix of outreach and tension is where Trump sees an opening.
President Donald Trump and Chinese President Xi Jinping represent the world’s two most powerful economies. (Brendan Smialowski – Pool/Getty Images)
If U.S. companies are still seeking access and Beijing is signaling it wants them there, Trump can argue economic pressure is working — strengthening his case for tariffs, export controls and tougher trade terms.
Executives are pushing for greater access and stability in China while navigating a U.S. strategy built on economic pressure and national security concerns — underscoring both the importance of the market and the leverage Washington believes it holds.
CLICK HERE TO DOWNLOAD THE FOX NEWS APP
Trump has already invited Xi to visit the White House in September, signaling more talks ahead. For now, Beijing’s message is clear: China still wants American business.
tim cook, donald trump, trade, elon musk, xi jinping
INTERNACIONAL
Europa: la ola de calor pone a todas las grandes ciudades de Italia en alerta roja y Austria y Eslovaquia baten récords de temperatura
El calor obliga a Italia a declarar alerta
En Italia: Ventiladores y “playa urbana” para refrescar a la gente
Hungría reduce el uso de energía mientras la sequía afecta a central nuclear
Alemania se preocupa por el caudal de los ríos
Los Balcanes combaten los incendios y la sequía
INTERNACIONAL
Mamdani repeatedly sidesteps questions on reported plan to revive tax hikes on wealthy New Yorkers
NEWYou can now listen to Fox News articles!
New York City democratic socialist Mayor Zohran Mamdani repeatedly sidestepped questions Thursday about reported plans to launch a public pressure campaign this fall pushing tax hikes on wealthy New Yorkers and corporations.
Mamdani reportedly plans to build public support after Labor Day for similar proposals that Gov. Kathy Hochul previously rejected in early 2026. The reported push is expected ahead of the New York Legislature’s return to Albany in January 2027 and Hochul’s re-election campaign this fall, according to The New York Post.
During an interview with Fox 5 New York, Mamdani repeatedly declined to answer questions about the potential campaign before later saying such discussions would only come after the November election.
Asked whether he had spoken with Hochul about the reported campaign, Mamdani did not answer directly, instead using the opportunity to tout the opening of 2,000 free child care seats for New Yorkers through their policy efforts.
NYC MAYOR MAMDANI CALLS THREAT OF RICH PEOPLE LEAVING NYC OVER TAXES ‘IMAGINED’
Mayor Zohran Mamdani speaks to reporters about the city’s finances during a news conference in New York, Tuesday, Feb. 17, 2026. (Seth Wenig/AP Photo)
«The governor and I are in constant communication and, frankly, I appreciate her partnership because if it wasn’t for the governor, then we wouldn’t have been able to stand together to announce that we had more than 5,000 New Yorkers come forward to apply for these 2,000 free child care seats,» he said. «And I’m so excited about that, and the fact that we’re going to expand to 12,000, and the work that’s still to come.»
The reporter then pressed Mamdani on whether the Democratic Socialists of America would join the potential campaign this fall, but he again declined to answer directly, saying his focus remains on the present.
BERNIE SANDERS, DSA REVEAL DEMANDS FOR DEM PARTY AFTER SOCIALISTS SWEEP NEW YORK ELECTIONS
Kathy Hochul, governor of New York, left, and Zohran Mamdani, mayor of New York, speak during an announcement in New York, US, on Tuesday, Jan. 6, 2026. (Adam Gray/Bloomberg via Getty Images)
«My focus right now is where we are, which is August, and ensuring that everything that we’re doing is keeping New Yorkers safe amidst a heat wave and preparing for the school year,» Mamdani said. «A lot of the conversation about what comes after November, I think, is a conversation for what comes after November.»
«So you don’t plan to launch a campaign to tax the rich before the November election?» the reporter asked.
«The conversations I’ve been having with the governor and with my team are about the here and now and there will always be time for the conversations that come after that,» Mamdani said.
MAMDANI EXTENDS DEADLINE FOR NYC HOMEOWNERS TO SEEK EXEMPTION FROM NEW PIED-À-TERRE TAX
New York City Mayor Zohran Mamdani previously backed a proposal to tax luxury second homes owned by non-residents, targeting ultra-wealthy property owners. (Michael Nagle/Bloomberg via Getty Images)
The reported campaign would revive a previous push by Mamdani to close the city’s multibillion-dollar budget gap through tax increases, a proposal Hochul previously rejected. Mamdani’s earlier plan called for raising the city’s personal income tax rate on filers earning $1 million or more, a move he projected could generate roughly $3 billion annually, while also increasing corporate tax rates.
As an alternative, Hochul and Mamdani jointly advanced the state’s first pied-à-terre tax, an annual surcharge on certain high-value second homes, which passed in May 2026. State and city officials have projected the measure could raise about $500 million annually.
Mamdani also said his May 2026 executive budget closed what his administration described as an inherited $12 billion budget gap, crediting aggressive savings, new investments, his partnership with Albany and new tax revenue, including the pied-à-terre tax.
Mamdani’s office did not immediately respond to a request for comment from Fox News Digital.
zohran mamdani, new york city, elections state and local, taxes, kathy hochul
INTERNACIONAL
Fiscalía prepara escrito de acusación para audiencia intermedia y cierra investigación contra exvicepresidente panameño José Gabriel “Gaby” Carrizo
El Ministerio Público de Panamá se encuentra en la etapa decisiva del caso contra José Gabriel “Gaby” Carrizo, exvicepresidente de la República (2019-2024) y excandidato presidencial.
El proceso, que investiga el presunto delito de enriquecimiento injustificado agravado, avanza tras el cierre formal de la investigación, lo que obliga a la Fiscalía Anticorrupción a presentar un escrito de acusación para su revisión judicial.
La defensa de Carrizo, representada por el abogado Víctor Orobio, confirmó a TVN que había recibido la notificación oficial sobre el cierre de la investigación.
“Ya nos notificaron del cierre de la investigación. Estamos esperando la presentación del escrito de acusación y de la fecha de la audiencia intermedia”, detalló Orobio.
El cierre de la investigación responde a la expiración del plazo legal para las pesquisas, después de que los tribunales rechazaran la solicitud fiscal de extender el periodo bajo la figura de “investigación compleja”.
Por tanto, la Fiscalía Anticorrupción debe ahora solicitar formalmente la audiencia y presentar el escrito de acusación, en el que se expondrán los hechos, la calificación jurídica y las pruebas reunidas.
Posteriormente, la defensa tendrá la oportunidad de contestar e introducir sus propias pruebas para la audiencia intermedia.
La causa se originó tras un informe de la Contraloría General de la República, que identificó un supuesto incremento patrimonial injustificado de Carrizo por $1,9 millones durante su gestión pública.
Como consecuencia, el contralor Anel “Bolo” Flores dispuso en noviembre de 2025 el secuestro de bienes y cuentas bancarias pertenecientes al exvicepresidente hasta por $1,3 millones.
El secuestro de bienes, anunciado públicamente el 6 de noviembre, se implementó, según se dijo, como medida cautelar para asegurar fondos en caso de una eventual condena y resarcimiento al Estado panameño.
La decisión de la Contraloría, bajo la gestión de Flores, intensificó la presión sobre Carrizo, quien ya era objeto de dos investigaciones distintas por presuntas irregularidades durante su periodo como vicepresidente entre 2019 y 2024.
La intervención de la Contraloría en este caso marcó la segunda ocasión en la que se aplica una medida similar contra un miembro de alto perfil del Partido Revolucionario Democrático (PRD).
Esta reiteración provocó en su momento especulaciones y aumentó la controversia pública sobre la transparencia y la gestión de los recursos estatales.
El presunto enriquecimiento injustificado constituye una infracción que afecta de manera directa la confianza ciudadana en las instituciones públicas.
Las autoridades buscan determinar si Carrizo obtuvo ventajas económicas ilícitas aprovechando su cargo, un aspecto central para la integridad de la función pública.
La medida de secuestro de bienes tiene como finalidad principal garantizar la posibilidad de reparación al Estado en caso de condena. Los bienes afectados permanecerán bajo custodia judicial hasta que se resuelva el caso en las instancias correspondientes.
El caso de Carrizo se suma a una cadena de escándalos que han sacudido el escenario político panameño, profundizando el malestar social y la desconfianza en la administración pública.
La lucha contra la corrupción se impone como un reto permanente para Panamá, que requiere acciones decididas de todos los sectores para fortalecer el Estado de derecho y la gobernabilidad.
El desenlace del proceso judicial contra el exvicepresidente será determinante para definir el alcance real de la política anticorrupción en el país y marcará un precedente sobre la responsabilidad de los altos funcionarios en la gestión de los recursos públicos.
La historia de Aye Diop: De convivir con futbolistas de élite a formar a la nueva generación
Flávio Bolsonaro se sumó al conflicto entre Milei y Lula: la respuesta del mandatario argentino
Caso fentanilo: los chats reveladores que complicaron a las jefas de la Anmat y las alusiones a Mario Lugones
Uno por uno, qué senadores votaron a favor y cuáles en contra de la Ley de Propiedad Privada
Europa: la ola de calor pone a todas las grandes ciudades de Italia en alerta roja y Austria y Eslovaquia baten récords de temperatura
El magnate Peter Thiel encabezará en Buenos Aires un foro que busca proyectar el modelo de Milei
Javier Milei cruzó a Victoria Villarruel y elevó la tensión: “Es una opositora, replica los argumentos kirchneristas”
Dólar hoy en vivo: a cuánto se negocian todas las cotizaciones minuto a minuto este miércoles 5 de agosto
La oposición cuestionó a Benegas Lynch por su empresa para vender campos a extranjeros y el senador libertario se defendió
Inédito boicot a un decreto para bajar costos portuarios: el Gobierno envió intimaciones con Prefectura
-
ECONOMIA2 días agoDólar hoy en vivo: a cuánto se negocian todas las cotizaciones minuto a minuto este miércoles 5 de agosto
-
POLITICA8 horas agoLa oposición cuestionó a Benegas Lynch por su empresa para vender campos a extranjeros y el senador libertario se defendió
-
POLITICA2 días agoBrasil retira a su embajador en la Argentina: qué consecuencias tiene la medida diplomática