on trade battles
The U.S. is making progress in talks with Canada and Mexico over the lifting of steel tariffs, Treasury Secretary Steven Mnuchin said Wednesday.
Mnuchin also said he expects to soon travel to Beijing with U.S. Trade Representative Robert Lighthizer to resume negotiations on the trade dispute between the U.S. and China.
The optimistic comments contributed to gains in the stock market.
China pushes nationalism around trade war
China’s ruling Communist Party is taking a newly aggressive approach to controlling the narrative in its trade dispute with the U.S.
The harder line comes after days of muted official responses to President Donald Trump’s decision to hike tariffs on $200 billion worth of Chinese imports.
Escalating the antagonism, China retaliated Monday with higher tariffs on $60 billion worth of American goods, raising duties of 5% to 25%.
Trump issues order that appears to target Huawei
President Donald Trump is issuing an executive order to protect the United States against foreign adversaries that are taking advantage of technological vulnerabilities to threaten U.S. communications systems.
The order announced Wednesday by the White House does not name specific countries or companies, but the U.S. has been trying to prevent the use of equipment from the Chinese tech company Huawei.
Tech execs pledge
to curb online violence
Facebook, Google, Twitter and other tech companies have joined a dozen countries in a global pledge to step up efforts to keep internet platforms from being used to spread hate, organize extremist groups and broadcast attacks.
World leaders led by French President Emmanuel Macron and tech executives have gathered in Paris to compile a set of guidelines dubbed the “Christchurch Call.”
FAA chief defends handling of Boeing safety approval
The acting head of the Federal Aviation Administration said that Boeing should have done more to explain an automated flight-control system on its 737 Max aircraft before two deadly crashes, but he defended his agency’s safety certification of the plane and its decision not to ground the jet until other regulators around the world had already done so.