Moody's raises red flags over ballooning US Debt and the negative effects of tariffs,
plus anger and confusion in Greenland as Vice President Vance joins a planned visit to the island this week and China's space ambitions take flight.
Beijing is aware that the US is speeding ahead, with SpaceX being the prime example,
and it feels a sense of urgency to catch up.
It's Wednesday, March 26th.
I'm Luke Vargas for the Wall Street Journal, and here is the AM edition of what's news,
the top headlines and business stories moving your world Today.
The Trump administration is further limiting China's access to American technology,
expanding a crackdown that began during Joe Biden's term.
80 companies and institutes have been added to the export control list,
including a U.S. affiliate of China's Inspur Group that is a large buy of Nvidia chips.
China tech reporter Lisa Lin says the move closes loopholes
that had left room for blacklisted companies to still buy US Technology.
This is probably one of the earliest signs from the Trump administration that they are ready to play hardball when it comes to US China tech competition.
Let's not forget that even though China's been on his radar over the last couple of months,
it's mostly been about trade and not tech.
So what this new rule does now is to give us an indication of how the Trump team may react when it comes to dealing with sales of advanced technology to China in the future.
A spokesman for China's Foreign Ministry called the US Action typical hegemonic behavior that severely violates international law.
Ratings company Moody's is warning
that America's fiscal strength is in for a multi year decline amid the widening U.S. budget deficit and falling debt affordability.