“If it bleeds it leads” is a well-worn expression for describing how the media reports the news, if you can interview a victim/ family member and get them crying, well that’s even better for ratings. But all news isn’t bad, or that good news doesn’t deserve a higher position in the news hierarchy.

Two cases in point: this week’s APEC summit meeting between US President Biden and Chinese President Xi, and a very interesting development coming out of Taiwan.

West-China rapprochement

It’s no secret that US-China relations have been strained over the past several years. Former President Trump started a trade war with America’s largest trading partner, imposing billions worth of tariffs on Chinese imports and accusing Beijing of engaging in longstanding unfair trade practices as well as intellectual property theft.

President Biden has not canceled the Trump tariffs; in fact he increased them. CNBC reported this week that tariffs on select Chinese goods were imposed in three stages between 2018 and 2022. Currently, two-thirds of US imports from China are under tariff, with the average set at 19.3%, more than six times higher than before the trade war began. Chinese tariffs cover 58% of US exports at an average 21.1%.

In October the Biden administration announced plans to halt shipments to China of chips designed by Nvidia and others, to try and stop Beijing from using advanced US technologies to strengthen its military.

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Iron Will

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