Musk

America’s Trump card in China

The Trump administration has released a list of CEOs who will be accompanying the president to his meeting in China with Xi Jinping. Foremost among the delegation is Elon Musk, traveling in his capacity as CEO of Tesla and SpaceX. Another notable inclusion is Tim Cook, in what may be his swan song international trip as Apple CEO. All told, 17 executives will accompany President Trump to the People’s Republic of China (PRC). Their companies represent sectors ranging from banking and investment to automobiles and AI. Their asks of Xi will likely range from market access (Coherent) and advertising (Meta) to component orders (Boeing) and soybean purchases (Cargill). On paper, President Trump should take business leaders with him to China.

Trump

The great big, beautiful risk

The electoral risk to politicians involved in passing a dog's breakfast of a "big, beautiful bill" – and there have been too many of this century to count – is often overstated. Once bills this large and unwieldy are passed there are a litany of problems that emerge as Americans, dulled into frustration by the same old swamp, discover only too late which specific policies negatively affect their lives and businesses. But then there are also things they like about it too, and even measures that are initially unpopular find purchase. And I do mean purchase in both senses, as in literally bribing voters with their own money, as Barack Obama's Medicaid expansion did.

Bill