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
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
Stocks in Asia fell Monday afternoon following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
The leader of the world's largest economy believes all drug dealers should face the death penalty, news website Axios reported late on Sunday.
President Donald Trump considers drug traffickers to be as bad as serial killers and would "love to have a law" that executes dealers in the U.S., unnamed sources told Axios.
While he admits that such a law would be impossible to pass, the head of state may support legislation that requires a five-year minimum sentence for dealers selling as little as two grams of fentanyl, Axios stated.
Use of the synthetic opiod, more potent than heroin, has been steadily climbing in North America, producing an increasing number of fatal overdoses.
Trump's comments mirror those of Philippine President Rodrigo Duterte. The controversial leader gave police the authority to execute drug peddlers — Duterte has even admitted to personally killing criminal suspects — but the matter has morphed into a human rights situation amid widespread reports of extrajudicial killings.
Trump "often jokes about killing drug dealers," a senior administrative official told Axios. "He'll say, 'You know the Chinese and Filipinos don't have a drug problem. They just kill them,'" the official said.
According to Axios, Trump's team is reportedly discussing the prospect of adopting elements of Singapore's zero tolerance policy, such as more anti-drug education in schools.
A spokesperson for the White House wasn't immediately available for comment when contacted by CNBC.