Analysts say the partial U.S.-China trade deal doesn't touch on thorny issues plaguing both sides, and warn talks could break down again.World Economyread more
"The Champagne should probably be kept on ice, at least until the two presidents put pen to paper," said state-owned media China Daily.Traderead more
Economists polled by Reuters had expected Chinese exports denominated in the U.S. dollar to fall by 3% and imports to decline by 5.2% in September, compared to a year ago.China Economyread more
The U.K. and EU are gearing up for what could be the busiest week in British politics since June 2016.Europe Politicsread more
The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
"Deepfakes" are being used to depict people in fake videos they did not actually appear in, and can potentially affect elections, diplomacy and how markets move, experts say.Technologyread more
Chinese President Xi Jinping warned on Sunday that any attempt to divide China will be crushed.China Politicsread more
Syria's Kurds said Syrian government forces agreed Sunday to help them fend off Turkey's invasion.World Newsread more
U.S. President Donald Trump said that both sides reached a "very substantial phase one deal" that will address intellectual property and financial services concerns and...Asia Marketsread more
The administration of President Donald Trump wants manufacturing jobs to make up about a fifth of the American workforce, said Peter Navarro, tapped by Trump to lead the newly created National Trade Council.
Navarro told CNBC's "Squawk Box" on Wednesday that part of his job at the National Trade Council is matching the needs of industry with the skills of U.S. workers.
"We envision a more Germany-style economy, where 20 percent of our workforce is in manufacturing," he said. "And we're not talking about banging tin in the back room."
"We're talking about high technology across the board, whether it's computer chips or cars or anything in between," said Navarro, a Trump campaign policy advisor and formerly a business professor at the University of California, Irvine.
President Trump's executive order this week to abandon the Trans-Pacific Partnership and his stated intent to renegotiate NAFTA are moves away from many-nation free trade agreements, said Navarro.
"Multilaterals, you get hundreds of people and thousands of lobbyists and lawyers. It takes years and years and years," he contended.
Earlier Wednesday on "Squawk Box," Bill Daley, former Commerce secretary under Bill Clinton, said an exit from the TPP without engaging Asian trading partners would leave the door open for China.
Navarro rejected that notion, saying Trump wants to pursue what he considers more nimble bilateral trade agreements. "I strongly agree that bilaterals can occur much more quickly, because basically, it's just a few people in a room talking about what needs to be done."
"As we're negotiating with one country here, we're going to be negotiating with one country here, and another country here," Navarro said.