Acting Secretary of Defense Patrick Shanahan will meet with his Chinese counterpart in Singapore next week.
The meeting, which is expected to take place on the sidelines of the Shangri-La Dialogue defense summit, comes as the world's two largest economies exchange tit-for-tat tariffs in an ongoing trade war. The meeting plans come as the U.S. seeks to persuade partners to ban Huawei products from 5G telecommunications networks, warning that the Chinese technology poses a national security risk.
Echoing Dunford's sentiments, Shanahan told lawmakers at the hearing that "China aims to steal its way to a China-controlled global technological infrastructure, including 5G."
Markets popped on this headline... seriously? These algos running this market are an effing joke. Fraud market moving on the dumbest headlines.
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