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Israeli Prime Minister Benjamin Netanyahu and Chinese President Xi Jinping. Etienne Oliveau/Pool/Getty Images

Secretary of State Mike Pompeo told me today that if Israel does not limit its ties with China, the U.S. could reduce intelligence sharing and security cooperation.

Why it matters: The U.S. has raised the topic of Chinese influence with Israel several times in the last months, but this is the most public stance that the Trump administration has taken on the issue. In the last few years, Prime Minister Netanyahu has led a diplomatic initiative to dramatically enhance trade with China. China has won several big infrastructure contracts in Israel, including one for a new sea port in Haifa — where the U.S. Navy currently operates.

Pompeo told me in an interview in Jerusalem Thursday that China presents economic opportunities for Israel, but also threats.

"When China engages in spying through its commercial state-owned enterprises and presents risks through its technology systems, companies like Huawei, which present real risk to the people of Israel — When those things happen, we want make sure that countries know about it, know the risks and then countries will make their own sovereign decisions."

Pompeo said he raised the issue with Netanyahu and added he wanted to make sure Israel is wide-eyed about the threat from China. He stressed to Netanyahu: "If certain systems go in certain places, then America's efforts to work alongside you will be more difficult and in some cases we wont be able to do so."

  • I asked Pompeo what he meant and his message was even stronger: "You can imagine lots of different places — intelligence sharing might have to be reduced, allocation of security facilities might have to be reduced. We want to make sure that countries understand this and know this."

Go deeper

Dion Rabouin, author of Markets
25 mins ago - Economy & Business

Clash of the central bankers

Photo Illustration: Eniola Odetunde/Axios. Photos: Bloomberg, Samuel Corum (Stringer)/Getty Images

While Fed chair Jerome Powell is brushing off the seismic rise in government bond yields and a corresponding decline in stock prices, a group of central bankers in the Pacific are starting to take action.

Driving the news: Bank of Japan governor Haruhiko Kuroda told parliament on Friday the BOJ would not allow yields on government debt to continue rising further above the BOJ's 0% target.

Biden expresses support for Amazon workers' union vote in Alabama

Photo: Joe Raedle/Getty Images

President Biden expressed support for a union vote by Amazon warehouse workers in Alabama in a two-minute video posted on Twitter Sunday, though he did not name the tech giant specifically.

Why it matters: A vote by workers at the Bessemer, Ala., warehouse to join the Retail, Wholesale and Department Store Union would make the facility the first Amazon warehouse to unionize in the U.S., per NPR. The election will run through March 29.

Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Miami mayor: Bitcoin's appeal is that governments can't manipulate it

Miami Mayor Francis Suarez is pushing to make bitcoin a part of his city's economic future, and in an interview with "Axios on HBO," he pushed back against the economic orthodoxy of people like Treasury Secretary Janet Yellen who say it's a bad idea.

Why it matters: Miami's inclusion of bitcoin as a way to pay city employees or as part of the city's emergency cash holdings, as Suarez has proposed, would add legitimacy to the cryptocurrency and further entrench it in the U.S. economic system.

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