How Beijing Ringleads a Global ‘Axis of Evasion’

WSJ What’s News

The Wall Street Journal

Daily News, News

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🗓️ 30 May 2024

⏱️ 13 minutes

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Summary

A.M. Edition for May 30. Western sanctions were meant to subdue the U.S.’s enemies. Instead, they have inadvertently created a shadow economy where China is the primary beneficiary, WSJ’s Ian Talley says. Plus, Israel’s moves in Gaza put further strain on fragile ties with a key security partner. And, FDIC chairman Martin Gruenberg is planning a slow goodbye. Peter Granitz hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Three two one.
0:02.0	one.
0:04.0	What will the world look like 10 or 20 years from now?
0:07.0	The Wall Street Journal's future of everything podcast is here to give you a peek.
0:11.0	And we can't wait to show you what's coming.
0:13.2	Subscribe now.
0:14.4	Israel's relationship with a key partner reaches a tipping point
0:22.0	plus FDIC Chairman Martin Grunberg may have resigned, but he's still running the show.
0:27.0	We've got that scoop. And sanctions on America's enemies have created a global shadow economic block with unintended consequences that empower Beijing.
0:36.2	If China is fomenting political discord and chaos across four different continents at the same time then it also forces
0:46.1	the US to spread its attention and resources across several different venues.
0:51.1	It's Thursday May May 30th.
0:53.0	I'm Peter Granitz for the Wall Street Journal,
0:54.6	filling in for Luke Vargas.
0:56.2	And here's the AM edition of What's News,
0:58.0	the top headlines and business stories
0:59.7	moving to your world today. U.S. Secretary of State Anthony Blinking has signaled that the United States is considering
1:09.7	allowing Ukraine to use American provided weapons to strike inside Russia.
1:15.4	It's the first time a top Biden administration official has publicly indicated the possible
1:20.0	shift in policy, and it follows calls by European officials to ease restrictions on the use
1:25.1	of Western weapons to target Russian territory. Earlier this week, French President
1:30.1	Emmanuel Macron said Kyiv was allowed to use cruise missiles supplied by his country
	...

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