The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Megvii is known for its facial recognition technology and while revenue grew over 350% in 2018, its losses have widened.Technologyread more
President Donald Trump is giving "Chuck and Nancy" another shot.
Democratic congressional leaders Chuck Schumer and Nancy Pelosi on Monday said they accepted the president's invitation to meet about year-end legislative priorities. The pair will meet with Trump, as well as Senate Majority Leader Mitch McConnell and House Speaker Paul Ryan, on Thursday.
The Democratic leaders canceled another meeting late last month after Trump tweeted that he does not "see a deal" with "Chuck and Nancy" to avoid a government shutdown. The White House and McConnell and Ryan accused the Democrats of grandstanding.
While meeting with McConnell and Ryan later that day, Trump left two chairs empty with Schumer's and Pelosi's names in front of them.
On Monday, Schumer and Pelosi said in a statement that they hope Trump will "go into this meeting with an open mind, rather than deciding that an agreement can't be reached beforehand."
The deadline to pass a funding measure and keep the government open is Friday. Lawmakers are likely to pass a plan that keeps the government open for only a few weeks while they work to strike a long-term deal.
"We need to reach a budget agreement that equally boosts funds for our military and key priorities here at home including the opioid crisis, pension plans and rural infrastructure," Schumer and Pelosi said. "We have to provide funding for community health centers and CHIP, as well as relief for the millions of Americans still reeling from natural disasters. And we must also come together on a bipartisan deal to pass the DREAM Act along with tough border security measures. There is a bipartisan path forward on all of these items."
Passing legal protections for the hundreds of thousands of young immigrants protected by the Obama-era Deferred Action for Childhood Arrivals program may prove to be a sticking point in the negotiations. Trump ended the program in September with a six-month delay to encourage congressional action.
It remains to be seen if the White House will seek border protection requirements as part of a DACA deal that Democrats would be willing to accept.