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
"It seems like what the two leaders have done is try to set some of the thorny political issues to the side," said Dhruva Jaishankar, director of the U.S. Initiative at the...Asia 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
The United States has cleared the final procedural hurdle in order to impose tariffs on billions of dollars of European products later this month.World Economyread 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
No wonder the 2017 Republican tax cut remains so unpopular — the vast majority of Americans don't think they got one at all.
As the annual IRS filing deadline of April 15 approaches, just 17% believe their own taxes will go down, the NBC News/Wall Street Journal Poll found. By contrast, 28% believe they'll pay more, 27% expect to pay about the same and 28% don't know enough to say.
That helps explain why the tax cut provided so little ballast for the GOP as Democrats recaptured control of the House in November's midterm elections. Pew Research polling last month found that the tax cut remains underwater politically, with 36% of Americans expressing approval and 49% disapproval.
In reality, 8 in 10 Americans stood to receive tax cuts in 2018 under the law, according to an analysis by the nonpartisan Tax Policy Center. Yet the cuts for most taxpayers are so small that many didn't notice.
The lowest earning 60% of households stood to receive an average cut of less than $1,000, the analysis found. The top 1% of taxpayers could expect more than $51,000.
In the NBC/WSJ poll, that sense of missing out is nonpartisan. Just 33% of Republicans believe they're getting a tax cut, while an even punier 10% of independents and 7% of Democrats do.
Across ages, genders, income groups, regions of the country, and races, 25% or fewer say they're getting a tax cut. Republicans are the only group in which 30% or more believe they're getting a tax cut.
Among core Trump supporters, 36% believe they're getting a tax cut. But another 36% say their taxes are staying the same, while 6% say they're paying more to the IRS.
The NBC/WSJ poll of 1,000 adults was conducted by telephone from March 23-27. It carries a margin for error of 3.1 percentage points.