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President Trump. Photo: Jabin Botsford/The Washington Post via Getty Images

The Trump administration announced on Friday that Chinese journalists working for non-American media outlets in the U.S. will be limited to 90-day work visas, The New York Times reports.

The big picture: The U.S. and China have gone back and forth for months over the other's media presence as relations between the two countries deteriorate, per the Times. The latest restrictions from the U.S. will likely escalate tensions as the two nations battle for global influence.

The state of play: Chinese journalists used to have open-ended, single-entry stays in the U.S. They will be able to apply for extensions, but those, too, will be limited to 90 days, the Times notes.

What they're saying:

  • American officials said the new restrictions are needed to counterbalance the "suppression of independent journalism" in China.
  • Both American and Chinese journalists have expressed concerns that the back-and-forth between the two countries will impede on their ability to properly report.

What to watch, via Axios' Bethany Allen-Ebrahimian: China will likely respond to the restrictions with its own against American journalists.

Go deeper: The debate over U.S. restrictions on Chinese journalists

Go deeper

Jun 21, 2020 - World

Exclusive: Trump held off on Xinjiang sanctions for China trade deal

Illustration: Aïda Amer/Axios

In an Oval Office interview on Friday afternoon, President Trump told me that he held off on imposing Treasury sanctions against Chinese officials involved with the Xinjiang mass detention camps because doing so would have interfered with his trade deal with Beijing.

Driving the news: Asked why he hadn't yet enacted Treasury sanctions against Chinese Communist Party officials or entities tied to the camps where the Chinese government detains Uighurs and other Muslim minorities, Trump replied, "Well, we were in the middle of a major trade deal."

Caitlin Owens, author of Vitals
2 hours ago - Health

Pfizer CEO feels "liberated" after taking COVID vaccine

Pfizer CEO Albert Bourla. Photo: "Axios on HBO"

Pfizer CEO Albert Bourla tells "Axios on HBO" that he recently received his first of two doses of the company's coronavirus vaccine.

Why it matters: Bourla told CNBC in December that company polling found that one of the most effective ways to increase confidence in the vaccine was to have the CEO take it.

Dan Primack, author of Pro Rata
2 hours ago - Economy & Business

Ripple CEO: SEC lawsuit is "bad for crypto" in the U.S.

Ripple CEO Brad Garlinghouse tells "Axios on HBO" that if his company loses a lawsuit brought by U.S. regulators, it would put the country at a competitive disadvantage when it comes to cryptocurrencies.

Between the lines: The SEC in December sued Ripple, and Garlinghouse personally, for allegedly selling over $1.3 billion in unregistered securities. Ripple's response is that its cryptocurrency, called XRP, didn't require registration because it's an asset rather than a security.