The world's two greatest economies have been locked in a trade dispute with tit-for-tat import tariffs that have roiled global financial markets and raised worries about global economic growth.
Trump, asked if he might cancel September trade talks with Beijing, said it was possible although talks are still scheduled.
"We have all the cards," Trump told reporters.
The president has said his tough stance on China's economic and trade policies would ultimately benefit the American economy, even as Beijing signaled it could strike back by curbing sales of chemicals known as rare earths that are used in everything from iPhones to military equipment.
The U.S.-China trade war escalated sharply in recent days after Washington on Monday branded Beijing a currency manipulator for the first time since 1994, and said it would impose 10% tariffs on the remaining $300 billion in Chinese imports, starting on September 1.
President Donald Trump says he is encouraging mail voting in Florida whileopposing it being rolled out nationwide, because the state has "a greatRepublican governor" and is "so well run". This comes only days after Mr Trumpthreatened to sue Nevada over a new vote-by-mail law. Mr Trump compares thesystem in Nevada to that in Florida, a critical swing state which he claims ismuch better prepared for mail-in voting.
Credit: PA - Press Association STUDIO Duration: 00:47Published
U.S. Representative Roger Marshall won the Kansas Republican primary for the Senate on Tuesday, defeating anti-immigration firebrand Kris Kobach with the help of the party establishment, which feared Kobach would hurt Republican chances in the fall. Ryan Brooks reports.
U.S. Secretary of Health and Human Services Alex Azar will visit Taiwan in the coming days, his office said on Tuesday, marking the highest-level visit by a U.S. official in four decades -- a move likely to anger China, which claims the island as its own. Gloria Tso reports.
US President Donald Trump has said American military generals have told himthey “seem to feel” the massive explosion which rocked Beirut, Lebanon, was a“terrible attack” probably caused by a bomb. Mr Trump was asked why he calledit an attack and not an accident, especially since Lebanese officials say theyhave not determined the cause of the explosion.
Credit: PA - Press Association STUDIO Duration: 01:03Published
President Donald Trump has revealed why he wished Ghislaine Maxwell well after she was arrested. Last month, when asked about Maxwell's arrest, Trump told reporters: 'I just wish her well, frankly.' According to CNN, it's because he says he doesn't want her to die in jail like her former boyfriend and alleged accomplice, Jeffrey Epstein. Trump made the remarks in an interview with "Axios on HBO" that aired Monday night.
The Trump administration was at a loss on Tuesday over the president's suggestion to shake down Microsoft in its proposed purchase of Chinese app TikTok. According to Gizmodo, the Trump administration has threatened to ban TikTok in the US, possibly by putting it on a Commerce Department blacklist. The threat is based on largely theoretical concerns that Beijing-based owner ByteDance could use it to spy on tens of millions of users.
The United States may ban Chinese-video sharing app TikTok, said President Donald Trump, amidst rising tensions between Beijing and Washington on a range of issues. "We are looking at TikTok, we may be banning TikTok. We may be doing some other things, we have a couple of options. We are looking at a lot of alternatives with respect to TikTok," he said. Trump added that he would sign an executive order and take action as soon as Saturday. In July, US Secretary of State Mike Pompeo had said that the Trump administration was considering a ban on TikTok application. The ban on access to TikTok was being considered over privacy concerns, Pompeo had added. Video-sharing application TikTok is owned by Beijing-based startup ByteDance. Recently, India had banned 59 Chinese mobile apps including TikTok, WeChat and Helo. Most of the apps banned in the June 29 order were red-flagged by intelligence agencies. The apps were banned with a view of threat to the nation's sovereignty and security.
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Hong Kong leader Carrie Lam on Friday postponed a Sept. 6 election for the city's legislature for a year because of a spike in novel coronavirus cases, dealing a blow to the pro-democracy opposition hoping to make gains in the vote. Soraya Ali reports.
Do you have that summertime sadness? Well, don't you worry ... We will try to cheer you up (and make your life easier) with a look at earnings coming up in the first week of September. BUT ... Before..