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This is CBS, I On The World.

I'm John Batchley. The G7 meeting closes with the Financial Times report.

Joe Biden's prediction of an imminent thaw in US-China relations

was quickly followed by a reminder of how much tension still exists between Washington and Beijing.

This is the FT reporting out of Hiroshima, Hong Kong, and Beijing.

It goes on within hours of the US president's words at the end of a G7 summit in Japan on Sunday.

China ordered a swath of its infrastructure companies to stop buying you from US chipmaker micron technologies.

I welcome Gordon Chang, my colleague, and co-host him.

And we welcome Stephen Yates.

Steve helps us understand the quandary of US policy with regard to China for the

America First Policy Institute.

Gordon, I begin with you.

Were you surprised at the retaliation immediately following the G7 summit,

the timing of it? Good evening to you, Gordon.

...