The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Megvii is known for its facial recognition technology and while revenue grew over 350% in 2018, its losses have widened.Technologyread more
Stocks in Asia fell Monday afternoon following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
President Donald Trump on Friday declared a national emergency to build a border wall. Yet illegal crossings at the U.S.-Mexico border are at their lowest levels in nearly 50 years.
That reality calls into question Trump's justification for declaring a national emergency over the border, potentially setting up years of legal challenges.
According to data from U.S. Customs and Border Protection, there were 303,916 apprehensions along the southern border during the 2017 fiscal year, the lowest level since 1971. Illegal immigration at the border peaked in 2000, when there were more than 1.6 million apprehensions.
Trump has frequently referred to the southern border as a "crisis," despite the fact that the majority of illegal immigration occurs when immigrants overstay their temporary visas.
Congress passed a spending bill Thursday night to avert another government shutdown. The bill allocates $1.375 billion for 55 miles of border fencing, far less than the $5.7 billion Trump had requested.
White House press secretary Sarah Huckabee Sanders said in a statement Thursday that while Trump will sign the bill, he "will also take other executive action – including a national emergency – to ensure we stop the national security and humanitarian crisis at the border."
Declaring a national emergency is seen as a last-ditch effort for Trump to fulfill one of his main campaign promises. Opponents will likely challenge the measure in court and Democrats could take up a resolution to try to block it in Congress.