With Washington and Beijing locked in an escalating trade war, and the Pentagon alarmed over China's placement of weapons on disputed islands in the South China Sea, Mattis said he would seek areas where the the two sides share interests, including persuading North Korea to give up its nuclear arsenal.
The fireworks in the stock market follow an escalation in the back-and-forth threats to global trade, which suggest that investors are becoming increasingly anxious that political rhetoric is moving toward actual policy.
At the seminar, Christensen said China has applied military, economic and diplomatic pressure against Taiwan, citing Beijing's poaching of some of Taiwan's remaining diplomatic allies in recent years.
But US authorities have also been looking into investment restrictions. It is planning to impose tariffs on $34 billion in Chinese goods July 6 - a figure that could rise to $450 billion if China refuses to back down and retaliates with sanctions of its own.
China's proposed retaliatory tariffs against a range of US goods including beef could also help France by stalling USA shipments after they resumed previous year.
The United States is insisting that all countries that have placed artificial Trade Barriers and Tariffs on goods going into their country, remove those Barriers & Tariffs or be met with more than Reciprocity by the U.S.A.
President Donald Trump this week is due to launch the next phase of his economic confrontation with Beijing, with new restrictions on Chinese investments to clamp down on access to sensitive American technologies. Before departing for Asia on Sunday, Mattis said he meant to "have a conversation". "The market is starting to price in that the tariffs will start to become real".
China and the European Union firmly oppose trade unilateralism and protectionism and think these actions may bring recession and turbulence to the global economy, says Chinese vice premier Liu He. "The rhetoric is getting stronger rather than weaker". The inter-agency panel, which is chaired by the Treasury Department, scrutinizes some deals that could allow a foreign investor to take control of a United States business, and looks for potential risks to national security. It said the controls would be announced by June 30 and would "be implemented shortly thereafter".
Export controls, on the other hand, are the purview of the U.S. Commerce Department and the National Security Council.
The administration could declare an economic emergency, or IEEPA, to justify the restrictions, according to the report.
Background: Trump has ratcheted up trade measures against China, and the disagreements over trade between the two countries have led to concerns over a potential trade war.