China Has Sensitive F-35 Parts Diverted to Hong Kong
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"Balance of Power" focuses on the intersection of politics and global business. On today's show, Senator Tina Smith (D-MN) says she's "very open" to the idea of a diesel export ban gaining traction in Washington, while cautioning it would be a short-term fix to a longer-term problem as the war with Iran keeps energy costs elevated. American Petroleum Institute President and CEO Mike Sommers warns that restricting US diesel exports could force refiners to cut production, potentially lowering diesel prices temporarily while driving up the cost of gasoline and jet fuel. Senator Elissa Slotkin (D-MI), who has introduced bipartisan legislation aimed at keeping Chinese connected vehicles out of the US market, warns President Trump against reaching an agreement with Chinese President Xi Jinping that would give Chinese automakers greater access to the country. Chapters: 00:01:37 Bloomberg's Stephen Engle on Xi Jinping Arrives for Washington Summit 00:05:02 Bloomberg's Tony Capaccio on China
Tags: AI Race, American Petroleum Institute, China, Chinese Cars, Crude Oil, Diesel, Donald Trump, Elissa Slotkin, Elizabeth Warren, F-35, Fiscal Policy, Hong Kong, Joe Mathieu, Kailey Leinz, Midterms, Mike Sommers, Nia-Malika Henderson, Nick Wadhams, Stephen Engle, Tina Smith
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