As new U.S. tariffs on $16 billion of Chinese goodstake effect at 12:01 a.m. on Thursday, along with retaliatory tariffs from Beijing on an equal amount of U.S. goods, Trump said he does not expect much progress from trade talks with China this week in Washington. Adding that he had “no time frame” for ending the trade dispute with China in an interview with Reuters.
Commentary:With Britain's Labour Party leader Jeremy Corbyn facing fresh charges of anti-Semitism, columnist John Lloyd writes that it has become more important than ever to examine his beliefs on Zionism, Jews, Israel and Palestine. Corbyn and his supporters "believe that Zionism, the belief in Israel’s creation and existence, should be defeated – which can only mean that Israel itself should cease to exist."
Critical comments by Trump about the country’s central bank held back some stocks, while the dollar fell for the fourth consecutive day in its worst spell since March.
Rules governing Norway’s $1 trillion wealth fund would allow it to stay on as an investor in Tesla if the electric carmaker goes private, its deputy CEO said.
Foreign-brand automakers with U.S. plants do not support Trump administration rules to raise the amount of local content in North American-made vehicles, a group representing companies including Toyota Motor, Volkswagen and Hyundai Motor has told key U.S. lawmakers.
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