President Trump’s ability to wangle a new deal from NAFTA partners Mexico and Canada will give the White House leverage to take a harder line in the escalating trade war with China, administration backers said Monday.
The revised trade agreement between Canada, Mexico and the U.S. should buoy automotive manufacturing in North America and give the Trump administration heightened leverage in its trade negotiations with China.
Key consumer tech products have so far mostly escaped the heat of the ongoing trade war. But if U.S. President Donald Trump makes good on his threat to impose tariffs on the full range of Chinese imports into his country, it could hit that sector hard, experts said.
Palestinian Authority President Mahmoud Abbas will host a conference on the sidelines of the United Nations General Assembly this week to review ways to torpedo the Trump administration’s plan for Israeli-Palestinian peace, Israeli television reported Monday.
Five world powers and Iran agreed late Monday to establish a financial facility in the European Union to facilitate payments for Iranian imports and exports including oil, a key move sought by Tehran following the U.S. pullout from the 2015 nuclear deal and its re-imposition of sanctions.
The Trump administration will impose tariffs on $200 billion more in Chinese goods starting next week, escalating a trade war between the world’s two biggest economies and potentially raising prices on goods ranging from handbags to bicycle tires.
The world’s strongest storm this year, Typhoon Mangkhut, continued its path of destruction across Southeast Asia over the weekend, reaching mainland China on Sunday afternoon after pummeling Hong Kong and killing dozens in the Philippines.
The Chinese government is destroying crosses, burning bibles, closing churches and forcing Christian believers to sign papers renouncing their faith as the crackdown on religious congregations in Beijing and several provinces intensifies.
The Pentagon is studying the deployment of space-based missiles and new sensors to counter the growing threat of high-speed missile attacks from China and Russia, senior defense officials said Tuesday.