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Inside The Wire

Americans want China out of the land, the supply chain, and the phone. The agreement is broad, and it is defensive.

In Grand Forks, North Dakota, a Chinese company bought farmland about a dozen miles from an Air Force base. The city blocked it after the Air Force called the project a national security threat, but it left a question: who is allowed to own the land next to the things America defends? This spring, a bipartisan bill took up that question, moving to bar foreign adversaries from buying land near sensitive military sites. A Republican chairman wrote it, and a Democratic senator signed on. On China, that kind of agreement is rare.

It is not rare with the public. More than six in ten Americans say Chinese companies should not be allowed to own farmland or critical infrastructure in the United States, and the agreement crosses party lines: 57% of Democrats and 70% of Republicans. The bill is catching up to a public that decided long ago.

The fear here is not competition. It is that China is getting too close for comfort. Read the farmland numbers next to the rest of the survey and a pattern emerges that has nothing to do with winning a trade war and everything to do with proximity. Americans want China at arm's length rather than on the mat.

That sentiment widens past the land. Two-thirds of the public say the United States depends too much on China for manufacturing and supply chains; the feeling is shared nearly evenly, 66% of Democrats and 68% of Republicans. A country that gets its critical medicines and electronics from China gives Beijing the leverage, and most Americans want it loosened.

Then the instinct moves indoors. Nearly three-quarters of Americans are concerned that Chinese-owned technology companies could collect their personal data, and here the consensus is hardest of all: 74% of Democrats, 80% of Republicans. Security protocol required the President's own delegation to leave personal phones in the United States, carry clean burner devices, and discard everything Chinese-issued before boarding Air Force One last month. The land, the supply chain, and the phone in a pocket are all versions of the same question. How close is too close?

What ties the three survey results together is not hawkishness in the usual sense. A hawk wants to confront. These numbers describe something quieter and more defensive: a country that wants a cordon sanitaire. They want China off the soil near the base, fewer necessities made in its factories, and their data out of its reach. What Americans want is a wall, and a wall is not a war.

That distinction matters, because it marks where the consensus stops. The same public that agrees so broadly on holding China at a distance comes apart the moment the question turns to military force. Asked whether the United States should defend Taiwan, Americans are split, with a quarter giving no answer at all. Americans have found every reason to wall China out, and no casus belli over Taiwan.

Three years ago, a Chinese surveillance balloon drifted across the country at sixty thousand feet while Americans watched from their yards. When it was recovered, parts of it were American-made. That is the whole anxiety in a single object: the thing from outside, already inside, built partly from our own supply chain. This survey is what that morning left behind. The country wants the line drawn, and it wants to hold the pen.

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📊 Market Mood — Monday, June 1, 2026

🟩 Markets started June on a positive note, with stocks building on recent record highs as investors remained optimistic that a U.S.-Iran agreement can still be reached.

🟧 Fresh military exchanges between the U.S. and Iran reminded investors that geopolitical risks remain elevated, even as ceasefire negotiations continue.

🟦 Oil prices moved higher again, reflecting concerns that shipping through the Strait of Hormuz may take months to normalize even if a deal is finalized.

🟨 The AI story remained front and center after Nvidia unveiled new processors for Windows PCs designed to run AI agents directly on personal computers.


🗓️ Key Economic Events — Monday, June 1, 2026

🟧 9:45 a.m. ET — S&P Global Manufacturing PMI (May)
Forecast: 55.3 vs. 54.5 previous. A stronger reading would signal continued expansion in manufacturing activity despite higher energy costs and geopolitical uncertainty.

🟧 10:00 a.m. ET — ISM Manufacturing PMI (May)
Forecast: 53.3 vs. 52.7 previous. Markets will watch for confirmation that U.S. factory activity remains resilient as businesses navigate inflation pressures and supply-chain challenges.

🟧 10:00 a.m. ET — ISM Manufacturing Prices (May)
Forecast: 85.3 vs. 84.6 previous. This inflation-sensitive measure will be closely monitored for signs that higher energy and input costs are continuing to work their way through the manufacturing sector.


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