The Federal Bureau of Investigation (FBI) is opening a new China-related counterintelligence case about once every 10 hours as it pushes back against Beijing’s expansive campaign to steal American intellectual property (IP) and influence policymakers, FBI director Christopher Wray said in a speech on July 7. Wray warned that Beijing’s counterintelligence and economic espionage operations are the “greatest long-term threat” to the United States’ economic and national security. Its stealing of U.S. technology and trade secrets is on a scale “so massive that it represents one of the largest transfers of wealth in human history,” he said in a speech given at the Washington-based think tank Hudson Institute. His remarks come as the Trump administration ramps up its actions and rhetoric against the Chinese regime in a range of issues from…
The meeting is ostensibly meant to celebrate a new North American trade deal, but friction over illegal immigration and energy investment in Mexico could surface as the two men get together on Wednesday afternoon.
Lopez Obrador is being joined by a delegation of business officials, including Mexico’s richest man, telecoms magnate Carlos Slim. They will dine on Wednesday evening with Trump and American business executives at the White House.
Ongoing Mexican support for Trump’s immigration policies is likely to feature prominently on the agenda, as well as how to mitigate coronavirus disruptions and keep goods flowing between the neighbors, whose economies are deeply entwined.
It is unclear if Trump will address disputes between U.S. companies and Lopez Obrador’s government, which is rolling back a 2013-14 opening of the energy industry in favor of a state-led model, and has called a number of major contracts into question.
A senior Trump administration official said Mexico’s government had pledged to uphold those contracts.
“So, we are certainly hoping that they will keep their word,” the official said in a briefing with reporters.
The trip, Lopez Obrador’s first foreign visit since taking office in late 2018, saw him travel commercially to Washington. One video posted on Twitter on Tuesday showed him wearing a face mask and flying coach on a packed plane.
The summit was pitched to mark the July start of the United States-Mexico-Canada Agreement (USMCA), which replaced the North American Free Trade Agreement that Trump has called a “nightmare” that cost American jobs.
But the two-day gathering was scaled back to a single day after Canadian Prime Minister Justin Trudeau declined to join, amid new U.S. threats of tariffs on Canadian goods.
Lopez Obrador’s critics and some U.S. Democrats say Trump wants to use the meeting to drum up support among Hispanic voters ahead of the Nov. 3 presidential election. Opinion polls show Hispanic voters favor Trump’s Democratic challenger, Joe Biden.
Lopez Obrador will not meet Biden during the trip.
By Arshad Mohammed
Focus News: Mexican President to Hold First Meeting With Trump
WASHINGTON鈥擳he job market took a big step toward healing in May, though plenty of damage remains, as a record level of hiring followed record layoffs in March and April. The Labor Department reported Tuesday that the number of available jobs rose sharply as well, but remained far below pre-pandemic levels. The figures, from the government’s Job Openings and Labor Turnover survey (pdf), or JOLTS, illustrate the whiplash the economy has experienced since the pandemic intensified in mid-March. Layoffs soared in March to a stunning 11.5 million, roughly four times the peak during the 2008-2009 recession. They remained extraordinarily high in April, at 7.7 million, but in May they fell back to pre-pandemic levels of 1.8 million. Hiring, meanwhile, plunged in April to 4 million, the lowest level since 2011, but…