BBC.- China has taken aim at the US saying its tech firms are victims of «naked bullying».
Bloomberg.- China said it will sanction 11 Americans in retaliation for similar measures imposed by the U.S. on Friday, but the list doesn’t include any members of the Trump administration.
BBC.- US President Donald Trump has extended a pause on some green cards and suspended visas for other foreign workers until the end of 2020.
MarketWatch.- President Donald Trump and White House trade advisor Peter Navarro would like to see U.S. companies’ manufacturing operations come back home. Navarro noted recently that the administration is working on a phase-four stimulus package of at least $2 trillion that would focus on strengthening American manufacturing and include incentives for U.S. companies to reshore operations. The goal reportedly is to push legislation through Congress before its August recess.
MarketWatch.- President Donald Trump on Friday said he’s having “a very hard time with China” and hasn’t decided how to handle the international trade relationship, following a call between top trade representatives of the two nations.
BBC.- Donald Trump has announced he will sign a long-awaited trade agreement with China on 15 January. The pact, a «phase one» deal, is expected to reduce tensions between the two economic giants.
BBC.- Asian stock markets rose on Friday as the US and China moved toward striking a trade deal to avert a new round of tariffs. The deal could be announced later in the day, after US President Donald Trump reportedly signed off on the terms.
BBC.- Competition from China in the early 2000s nearly killed SG Companies, a family-owned footwear business that was founded almost 125 years ago. Now Donald Trump’s trade war could finish it off.
BBC.- Prime Minister Boris Johnson has said he would press ahead with a digital sales tax even after the US threatened to punish France for a similar move. In a proposal first outlined last year, large online companies face a tax of 2% of UK sales from April 2020.
BBC.- By the reckoning of most economists, Donald Trump is engaged in a risky game, as he courts trade fights around the world, undermines the US central bank and runs up the national debt.