Michael Pillsbury discusses how China鈥檚 industrial profits dropped for the first time since December 2015 and how the White House is considering a ban that would stop U.S. companies from buying equipment made by China鈥檚 Huawei and ZTE.
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An illustration photo shows the DeepSeek logo displayed on a smartphone in Shanghai, China, on March 27, 2025. (CFOTO/Future Publishing via Getty Images)