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
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
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
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
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
On Saturday, U.S. intelligence officials told NBC News that Pyongyang may have recently increased production of fuel for nuclear weapons at multiple secret sites. It's possible that Kim's government may be attempting to hide those pursuits as it seeks more concessions from the Trump administration, the officials continued.
Meanwhile last week, commercial satellite imagery from research group 38North — part of Washington-based think tank The Stimson Center — showed infrastructure upgrades at the Yongbyon Nuclear Scientific Research Center, which is located north of Pyongyang. The improvements include completed modifications to a plutonium production reactor’s cooling system, newly erected small buildings and continued construction on various support facilities, 38North said.
In a separate analysis released on June 21, 38North also published satellite imagery of the Sohae Satellite Launching Station that showed no signs of dismantlement. The station, used to test large rocket engines that are part of intercontinental ballistic missiles, is speculated to be the same engine site that Trump said North Korea was destroying on June 12.
Such reports directly counter the White House's confidence in Pyongyang fully cooperating with verifiable and irreversible denuclearization.
At a June 21 cabinet meeting, the president said of the document that he co-signed with Kim on June 12: "If people actually read it to the public, you’d see: Number one statement, we will immediately begin total denuclearization of North Korea."
And over the weekend, National Security Advisor John Bolton told CBS that Washington devised a program to dismantle North Korea’s chemical, biological, nuclear and ballistic missile programs in a year. But multiple experts have warned that the process, which entails disassembling deployed and stockpiled weapons, closing nuclear reactors and removing all enriched uranium, could span several years.
Completing the initial steps of denuclearization, i.e. dismantling weapons and removing their fissile material, could be done "in a matter of a few weeks" but only "if the DPRK is as cooperative as the president believes," Robert Kelley, a nuclear engineer and associate research fellow at the Stockholm International Peace Research Institute, said in a recent note.