Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Photos: Graeme Jennings/Pool/Getty Images; Al Drago/Pool/Getty Images

China's Foreign Ministry announced Monday that it's imposing sanctions on Sens. Marco Rubio (R-Fla.) and Ted Cruz (R-Texas), along with nine other Americans, per Bloomberg.

Why it matters: It's a direct response to similar actions by the U.S. that included the Trump administration placing sanctions on officials Hong Kong leader Carrie Lam last Friday over Beijing's encroachment of the Asian financial hub's s autonomy.

Other Americans sanctioned include:

  • Sen. Tom Cotton (R-Ark.).
  • Sen. Pat Toomey (R-Pa.).
  • Rep. Chris Smith (R-N.J.).
  • Freedom House president Michael Abramowitz.
  • Human Rights Watch executive director Kenneth Roth.

Of note: No members of the Trump administration are on China's sanctions list.

  • China announced last month it would ban Rubio, Cruz and other U.S. officials from entering the country over their criticisms of human rights abuses against Uighur Muslims in Xinjiang. However, there was no indication any of them intended to travel to China.

Go deeper

Rubio refers to Biden as "president-elect"

Sen. Marco Rubio at the U.S. Capitol on Nov. 12. Photo: Samuel Corum/Getty Images

Sen. Marco Rubio (R-Fla.) on Monday became the latest in a small but slowly growing number of Republicans to publicly recognize President-elect Joe Biden, as President Trump refuses to concede.

Driving the news: The Senate Intelligence Committee acting chair was asked by journalists on Capitol Hill about reports that Biden's considering Sen. Angus King (I-Maine) for the role of national intelligence director in his incoming administration. "That'll be the president-elect's decision, obviously," Rubio replied.

Nov 17, 2020 - World

Scoop: State Department to release Kennan-style paper on China

Illustration: Sarah Grillo/Axios

The U.S. State Department's Office of Policy Planning is set to release a blueprint for America’s response to China’s rise as an authoritarian superpower, Axios has learned.

Why it matters: The lengthy document calls for strong alliances and rejuvenation of constitutional democracy. Axios obtained a copy.

The U.S.-China split in space

Illustration: Aïda Amer/Axios

China and the U.S. don't collaborate in space —a decades-old divide that is shaping the future of both nations' space programs.

Why it matters: U.S. semiconductor companies and those in other sectors are under pressure — from politicians and consumers — to become less reliant on China. The record of the nations' parallel ambitions in space shows what the U.S. gains and loses when it cuts China off.