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Xiaomi 18 Fold goes on sale across China — two days after Apple revealed its first foldable smartphone — as the tech competition heats up between China and the United States

WATCH: Xiaomi 18 Fold goes on sale across China — two days after Apple revealed its first foldable smartphone — as the tech competition heats up between China and the United States

Treasury Secretary Scott Bessent issued a stark warning about the high stakes of the U.S.–China tech competition: losing the AI race could compromise national security beyond what the defense budget can protect. Read more from Bloomberg:

One of the architects of America's "pivot to Asia" just said the quiet part out loud: containing China isn't possible. Kurt Campbell knows this strategy better than almost anyone in Washington. He ran East Asian affairs under Obama, served as Biden's deputy secretary of state, and was the White House's Indo-Pacific coordinator. He helped build the Quad and the "small yard, high fence" approach to tech competition. In a new South China Morning Post interview following the Xi-Trump summit, he's arguing the US needs to drop the fantasy of containment and focus on something harder: keeping its alliances strong. His logic isn't new, but the timing matters. This comes right after a high-profile Trump-Xi meeting, when questions about where US strategy goes next are loudest. Campbell's answer leans on the same framework he's pushed for over a decade: the Quad with Japan, India, and Australia, AUKUS submarines, and deep bilateral ties, not unilateral pressure on Beijing. Here's the tension underneath his comments. Containment assumes the US can box China in. Campbell is essentially saying that ship has sailed, given China's scale and reach. What's left is managing the competition through partnerships, not trying to stop China's rise outright.