Published On: Mon, Jul 22nd, 2019

Donald Trump, Equifax, Hong Kong: Your Monday Briefing

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Good morning.

We’re covering the trade war’s effects on Chinese spending in the U.S., and looking ahead to Robert Mueller’s testimony on Capitol Hill and the leadership transition in Britain.

The falloff is the result of several factors, including Washington’s increased scrutiny of Chinese investments and Beijing’s tightened limits on foreign spending.

The effects are being felt across the U.S. economy, including the tech, real estate and auto industries, as well as state governments. Even if a trade deal is reached, experts believe Chinese investment will continue to be tepid.

The details: Chinese direct investment in the U.S. fell to $5.4 billion in 2018 from $46.5 billion in 2016, according to an economic research firm.

Closer look: Stephen Bannon, President Trump’s former chief strategist, has helped revive a Cold War-era group that warned against the dangers of the Soviet Union to focus on China.