Treasury Secretary Scott Bessent Calls Hakeem Jeffries “Ignorant” Following His False Statements Made About President Trump’s Meeting with Chinese President Xi 

Treasury Secretary Scott Bessent was on “Fox News Sunday” to discuss President Trump’s use of tariffs. He was also optimistic that the Supreme Court would side with President Donald Trump on emergency tariffs.

“What did and didn’t get accomplished when Presidents Trump and Xi met face to face?” Bream asked.

“What do you make of his characterization of what happened in China?” Bream referencing Rep Hakeem Jeffries’ inaccurate comments on President Trump.

“I think it’s ignorant, and I think it’s kind of sad he has no idea how ignorant he is, because I was in the room and I can tell you I was there for the President’s entire trip and it was a tour de force,” Bessent said.

“The President went into Malaysia, signed trade deals, peace deals with Thailand and Cambodia,” Bessent said.

“We moved onto Japan. The President and the new Prime Minister of Japan had great chemistry,” Bessent continued.

“The meeting with President Xi was one of great respect and many accomplishments,” Bessent said.

“What do you make of their characterization of you?” Bream asked regarding a Washington Post article referencing Chinese negotiators that may have upset him.

“Highly inaccurate and look we saw that Chinese manufacturing has been down for 7 months in a row. So, let’s do the math. The liberation day, April 2nd. Where are we today? November 2nd, seven months. Chinese manufacturing has been down every month,” Bessent said.

“Their trade with Europe is up 10 percent, but it’s all discounted. They’ve depreciated their currency and the Chinese economy, they are in the middle of a real estate crisis,” Bessent continued.

Secretary Bessent also talked about the rare earth minerals and explained that it has been a problem for many decades, and that the administration is working hard to become more independent in that area.

“We are going to be moving at warp speed,” Bessent said.

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Trump Says He Won’t Let Nvidia Sell Advanced Chips to China, Other Countries

President Donald Trump said that he would not let China purchase Nvidia’s flagship Blackwell chips in an interview with CBS’s “60 Minutes” that aired on Sunday.

“No, we won’t do that,” Trump said during the interview, which was taped on Friday, when asked about whether the chipmaker will be allowed to sell its most advanced chips to China.

“We will not let anybody have them other than the United States.”

The “60 Minutes” interview on Oct. 31 was Trump’s first appearance on the show since suing and reaching a settlement with the network’s parent company, Paramount, in July.

During the interview, Trump said that the United States is currently winning the AI race, but giving China advanced chips will provide it with “an equal advantage” in the competition.

“Right now, we’re winning it because we’re producing electricity like never before,” the president said.

On Oct. 31, Nvidia CEO Jensen Huang expressed hope that his company will be able to sell its Blackwell chips, its latest generation of AI chips, in China at some point, though there are no plans to do so at the moment.

“I hope so, but that’s a decision for President Trump to make,” Huang told reporters on the sidelines of the APEC CEO summit in Gyeongju, South Korea.

The United States has imposed export controls on the sale of Nvidia’s most advanced AI chips to China, aiming to limit its tech progress, particularly in applications that could help its military.

“We’re getting approvals done in two to three weeks. It used to take 20 years. And we are leading the AI race right now by a lot,” Trump added.

On Nov. 2, Trump reiterated this stance when asked about Nvidia’s Blackwell chips aboard Air Force One on his way back to Washington.

“It’s 10 years ahead of every other chip,” Trump said. “No, we don’t give that chip to other people.”

After the Oct. 30 bilateral meeting with Chinese Communist Party (CCP) leader Xi Jinping in Busan, South Korea, Trump told reporters that semiconductors had been discussed and China was “going to be talking to Nvidia and others about taking chips,” but added, “We’re not talking about the Blackwell.”

Last week, lawmakers on both sides of the aisle urged caution about selling advanced chips to China.

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Tests Find Chinese Manufacturer Can Manipulate Electric Buses in Norway

Safety tests by a public transport operator in Oslo, Norway, conducted have raised grave concerns over Chinese electric buses.

The operator known as Ruter conducted secret trials a few months ago on an electric bus from a European manufacturer and one from China’s Yutong to determine if there were cybersecurity threats, MENAFN reported Wednesday.

The European bus remained secure but the Chinese-made one had the ability to be manipulated by its manufacturer.

The manufacturer has access to buses’ software, diagnostics, and battery control systems, therefore the manufacturer could stop or render the vehicle unusable, Ruter explained.

The article continued:

Arild Tjomsland, a special advisor at the University of South-Eastern Norway who assisted with the tests, emphasized the risks: “The Chinese bus can be stopped, turned off, or receive updates that can destroy the technology that the bus needs to operate normally.”

He noted that while hackers and suppliers cannot steer the buses, the ability to stop them could disrupt operations or serve as leverage during a crisis.

During former President Joe Biden’s (D) push for green energy, Chinese automakers were looking to flood the United States market with cheap electric vehicles (EVs), Breitbart News reported in 2023. The following year, Chinese companies were testing their autonomous vehicles on American roads, raising concerns about the data they were collecting as they mapped the nation.

In addition, Breitbart News reported in September 2024, “The British government’s open-doors approach to electric vehicles from Communist China threatens to undercut domestic manufacturing and expose the country to national security risks, with a think tank warning that EVs could be ‘weaponized’ by Beijing.”

In regard to the issue in Oslo, Ruter Director Bernt Reitan Jenssen said, “We’ve found that everything that is connected poses a risk — and that includes buses. There is a risk that for example suppliers could take control, but also that other players could break into this value chain and influence the buses,” the Economic Times reported Tuesday.

The MENAFN article said the test results were forwarded to officials at the Ministry of Transport and Communications in Norway.

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Maduro Urgently Seeks Military Aid From Russia & China With US Bulls-Eye On Venezuela

President Trump said on Friday that he’s yet to make a final decision on launching a military attack on Venezuela, but President Nicolás Maduro is not waiting around while taking the US leader’s word on it.

Maduro is reportedly urgently reaching out to Russia, China, and Iran for any possible military aid, including defense items which may have already been negotiated or are in the works. The Washington Post says it’s obtained internal documents showing such recent and high-stakes requests.

“Amid a buildup of American forces in the Caribbean, Venezuela’s President Nicolás Maduro is reaching out to Russia, China and Iran to enhance its worn military capabilities and solicit assistance, requesting defensive radarsaircraft repairs and potentially missiles, according to internal U.S. government documents obtained by The Washington Post,” the publication reports.

“The requests to Moscow were made in the form of a letter meant for Russian President Vladimir Putin and was intended to be delivered during a visit to the Russian capital by a senior aide this month,” WaPo continues.

And separately, Maduro is said to have sent a formal letter to Chinese President Xi Jinping seeking “expanded military cooperation” between the two countries in order to counter “the escalation between the U.S. and Venezuela.”

Maduro in it seeks to expedite Chinese companies’ production of radar detection systems based on prior deals, in cooperation between Caracas and Beijing which has long been an open secret.

“In the missive, Maduro emphasized the seriousness of perceived U.S. aggression in the Caribbean, framing U.S. military action against Venezuela as action against China due to their shared ideology,” the documents state according to the Post.

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Gates Foundation under fire: Senate Judiciary Committee investigates millions funneled by nonprofit to Beijing-linked entities

U.S. Senate Judiciary Committee Chairman Chuck Grassley (R-IA) has launched an investigation into the Bill and Melinda Gates Foundation’s alleged funneling of tens of millions in grants to entities tied to the Chinese Communist Party (CCP).

The probe was revealed in a letter dated Monday, Oct. 27, to Gates Foundation CEO Mark Suzman. The investigation by Grassley centers on whether these payments violate U.S. tax laws prohibiting 501(c)(3) charities from directly supporting foreign governments. It also serves as a striking escalation of scrutiny over nonprofit transparency and national security concerns.

According to Grassley’s findings, the Gates Foundation in 2023 directed $11.7 million to various CCP-controlled agencies, $2 million to a corporation linked by the Department of War to China’s military and $6.7 million to state-run universities bolstering Chinese paramount leader Xi Jinping’s regime. Tax filings from 2022 reportedly showed an additional $23 million distributed to over 20 Chinese entities – some explicitly labeled as “foreign governments.”

While categorized as public health or research initiatives, U.S. Internal Revenue Service (IRS) regulations strictly bar tax-exempt organizations from funding foreign governments without special exemptions. Grassley’s letter demands detailed documentation, including whether grants supported China’s Belt and Road Initiative – a global infrastructure project accused of debt-trap diplomacy. He also questioned whether the foundation obtained required IRS determinations proving funds served charitable purposes, not CCP interests.

Civil terrorism expert Jason Curtis Anderson of One City Rising praised the inquiry. He nevertheless warned: “Without concrete enforcement – audits, sanctions or revoked tax-exempt status – this letter [by Grassley] risks being just a warning.”

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China’s Plan to Sink U.S. Navy Aircraft Carriers Comes Down to 3 Words

China has developed a formidable, multi-layered anti-access/area denial (A2/AD) system, effectively creating a “defensive bubble” designed to deter the U.S. Navy and potentially sink aircraft carriers.

-This system integrates numerous threats, including “carrier-killer” ballistic missiles, new hypersonic anti-ship weapons, quieter submarines, and an emerging “drone wall” of unmanned systems.

-Together, these layers create vast ocean areas that are too dangerous for U.S. aircraft carriers to operate in during a conflict.

-This A2/AD strategy could successfully prevent the U.S. from intervening effectively in a potential invasion of Taiwan.

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How China could use U.S. farmland to attack America

Chinese entities have been acquiring land in key locations near U.S. military bases, sparking national security concerns about possible spying — or even a potential attack.

Former national security official David Feith laid out the potential risk in an interview with 60 Minutes. Feith worked on U.S.-China policy for the State Department in the first Trump administration, and until April, worked in Trump’s second administration on the National Security Council. While there, he grew increasingly alarmed by where China owns America’s farmland. 
 
“The ability to own large tracts of land, especially close to sensitive U.S. military and government facilities, can pose an enormous problem given the nature of technology today, which is that hostile actor from all across the world can very easily exploit access to land, access to buildings and warehouses, access just to a shipping container or two and do enormous damage, either in intelligence terms or in military terms,” Feith told 60 Minutes.

Feith cited Ukraine’s recent drone attack in Russia as an example. In June, the Ukrainian military attacked Russian nuclear-capable bombers with remotely operated drones it had smuggled into the country.

For China, Feith explained, owning farmland in the United States gives America’s geopolitical rival more operating room for potential strikes.

“It’s an entirely new way of war,” he cautioned.

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Ex-Army Sergeant Sentenced to 4 Years for Offering Secrets to China

A federal judge sentenced a former Army intelligence sergeant to 4 years in prison on Tuesday for offering national defense secrets to China. Sergeant Joseph Daniel Schmidt, who had top secret clearance, served in western Washington at Joint Base Lewis-McChord, where he worked in military intelligence.

According to court documents, he served in the Army from January 2015 to January 2020. Schmidt was discharged after a mental health episode in late 2019.

The judge said he considered Schmidt’s mental health as well as the seriousness of the crime in sentencing him to 4 years in prison. Schmidt’s public defender requested that he be sentenced for time served, arguing that the crime was the result of schizophrenia. Schmidt mistakenly believed he was “subject to a mind control network operated by the FBI and [was] hoping to warn the Chinese government about the Program,” according to the public defender Dennis Carroll.

In the Army, Schmidt led a team that de-briefed and interrogated potential intelligence sources. His work gave him access to intelligence collection and reporting systems. After being discharged, he kept a device that gave him access to secure military computer networks. He later offered the device to Chinese authorities for them to access the secure system.

“He used his training to provide sensitive information to the Chinese security service. He knew what he was doing was wrong—he was doing web searches for such things as ‘Can you be extradited for treason,’” said Assistant United States Attorney Todd Greenberg in a statement.

In February 2020, Schmidt flew to Turkey. Court documents state that while there, he searched online about defecting from the United States. He also emailed the Chinese consulate offering to share information with a Chinese official in person.

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U.S. government allowed and even helped U.S. firms sell tech used for surveillance in China: AP

U.S. lawmakers have tried four times since September last year to close what they called a glaring loophole: China is getting around export bans on the sale of powerful American AI chips by renting them through U.S. cloud services instead.

But the proposals prompted a flurry of activity from more than 100 lobbyists from tech companies and their trade associations trying to weigh in, according to disclosure reports.

The result: All four times, the proposal failed, including just last month.

As leaders Donald Trump and Xi Jinping prepare for a long-heralded meeting Thursday, the sale of U.S. technology to China is among the thorniest issues the U.S. faces, with billions of dollars and the future of tech dominance at stake. But the tough talk about China obscures a deeper story: Even while warning about national security and human rights abuse, the U.S. government across five Republican and Democratic administrations has repeatedly allowed and even actively helped American firms to sell technology to Chinese police, government agencies and surveillance companies, an Associated Press investigation has found.

And time after time, despite bipartisan attempts, Congress has turned a blind eye to loopholes that allow China to work around its own rules, such as cloud services, third-party resellers, and holes in sanctions passed after the Tiananmen massacre. For example, despite U.S. export rules around advanced chips, China bought $20.7 billion worth of chipmaking equipment from U.S. companies in 2024 to bolster its homegrown industry, a report from a congressional committee this month warned.

This reluctance to act reflects the tremendous wealth and power of the tech industry, which is more visible than ever under the Trump administration. And in recent months, the president himself has struck grand deals with Silicon Valley firms that even more closely tie the U.S. economy to tech exports to China, giving taxpayers a direct stake in the profits for the first time.

In August, Trump announced a deal with chipmakers Nvidia and AMD to lift export controls on sales of advanced chips to China in exchange for a 15% cut of the revenue, despite concerns from national security experts that such chips will end up in the hands of Chinese military and intelligence services. That same month, Trump announced that the U.S. government had taken a 10 percent stake in Intel worth around $11 billion.

Longtime Chinese activist Zhou Fengsuo said the U.S. government is letting American companies set the agenda and ignoring how they help Beijing surveil and censor its own people. In 1989, Zhou was a student leader during the Tiananmen protests, where hundreds and possibly thousands were shot and killed by the Chinese government. Zhou was arrested and imprisoned.

Now a U.S. citizen, Zhou testified before Congress in 2024, calling on Washington to investigate the involvement of American tech companies in Chinese surveillance. An AP investigation in September found that American companies to a large degree designed and built China’s surveillance state, playing a far greater role in enabling human rights abuses than previously known.

“It’s driven by profit, and that’s why these strategic discussions have been silenced or delayed,” Zhou said. “I’m extremely disappointed. … this is a strategic failure by the United States.”

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California Political Adviser Pleads Guilty to Being Foreign Agent of China

The former campaign adviser of a Southern California city council member pleaded guilty on Oct. 27 to acting as an illegal Chinese agent.

Sun Yaoning, also known as Mike Sun, worked as a campaign adviser in the 2022 city council race in Arcadia, a Los Angeles suburb.

He also operated a news website targeting the local Chinese American community, posting content supporting the Chinese Communist Party (CCP).

If the judge accepts the sentencing recommendation, Sun, 64, could face up to 10 years in prison.

In the plea agreement, Sun agreed that he was a foreign agent for China from 2022 to 2024, promoting pro-CCP propaganda in the United States without alerting the U.S. Attorney General.

Campaign filings from the November 2022 election show that Sun worked as treasurer for the campaign of Eileen Wang, an Arcadia city council member.

At the time of the arrest in December 2024, Arcadia City Manager Dominic Lazzaretto said in a letter to the community that Sun had no affiliation with the City of Arcadia and that Wang had spoken with the FBI and was cooperating with investigators.

According to the plea agreement, Sun admitted to writing a report about his activities in support of the CCP.

“Overseas anti-China forces have been ceaseless, Taiwan independence, Tibet independence, Xinjiang independence, and Falungong have been active for a long time,” he wrote.

Falun Gong, also known as Falun Dafa, is a spiritual discipline based on the principles of truthfulness, compassion, and forbearance. As with the other areas mentioned above, the faith group has been a major target of the Chinese regime.

Sun proposed organizing counteractivities and requested $80,000 to fund a demonstration at a Fourth of July parade in Washington, according to the criminal complaint filed on Dec. 17, 2024, by the Justice Department in the U.S. District Court for the Central District of California.

Sun also admitted to providing information to a Chinese official at the Chinese Consulate in Los Angeles about activities in the area related to Taiwan. In April 2023, during a visit by then-Taiwanese President Tsai Ing-wen, Sun took photos of protesters and sent them to the Chinese official.

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