Michael Pillsbury discusses how China’s 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’s Huawei and ZTE.

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US President Donald Trump reacts after signing executive orders imposing tariffs on imported goods in the Rose Garden at the White House on April 2, 2025, in Washington, DC. (Andrew Harnik via Getty Images)