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U.S. stock index futures turned lower after China said it needed to have further discussions before it would sign off on the so-called phase one trade deal President Trump...US Marketsread more
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
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
Boeing's board removed CEO Dennis Muilenburg as chairman amid the fall out of two 737 Max crashes that killed 346 people.Aerospace & Defenseread 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
"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
Beijing will be opening up its financial industry to foreign ownership from January, namely in the areas of futures, mutual funds and securities.China Economyread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
(Recasts with details from U.S. officials)
WASHINGTON, Aug 22 (Reuters) - President Donald Trump will highlight U.S. economic policies under his stewardship at meetings with other G7 leaders this weekend in France and encourage allies to follow the American model to stave off problems with the global economy, officials said.
Trump will attend the G7 summit in France from Saturday to Monday and plans to hold individual meetings with the leaders of Britain, France, Germany, Japan, India and Canada during his trip, senior administration officials, speaking on condition of anonymity, told reporters on a conference call.
The president, who is irritated with the Federal Reserve for not reducing interest rates further as talk about a potential recession makes headlines, will tout the U.S. economic model he has pushed forward through tax cuts and deregulation, one official said.
"You will really hear the president hit home the message of the pro-jobs, pro-growth economic agenda," the official said. "We've seen growth rates that we didn't think were possible just a few years ago. And you ... contrast this to what's happening in Europe where growth is effectively flat."
Trump will talk to his counterparts about how to open up European, Japanese and Canadian markets to ensure U.S. businesses have avenues to sell good and services and to ensure that allies' economies grow along with the United States, she said.
Those talks could become complicated. Trump's trade policies have created tension with many members of the G7 in some form.
Trump will raise his displeasure with French President Emmanuel Macron about France's digital services tax, which affects large U.S. technology companies, the officials said. Trump has threatened to put tariffs on French wine in retaliation.
Trump will hold his first meeting with new British Prime Minister Boris Johnson since Johnson took on the role. The two men will discuss a U.S.-UK trade pact and Britain's efforts to exit the European Union.
In addition to trade tensions, the leaders are also likely to differ over Trump's desire to have Russia re-enter the grouping, making it the G8.
One official said there was unlikely to be a vote on the issue because the G7 leaders operated under consensus, but he said the topic was expected to come up.
Trump voiced support this week for Russia to rejoin the group and suggested there would be a vote to decide.
The official noted that Russia had not formally requested to be re-admitted to the group. The official said that would be necessary for any such move to take place.
Russia was kicked out of the G8 after annexing Crimea. (Reporting by Jeff Mason and Steve Holland; Editing by Tom Brown)