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News You Need to Know

Trump defends China trade policy amid economic worries

August 21, 2019
Yamiche Alcindor | The PBS NewsHour
President Trump on Tuesday acknowledged that he is considering cutting taxes, but said the idea is not in response to recession fears. During an Oval Office meeting with the president of Romania, Trump touted the strength of the economy and said that he was confronting China on its trade policies because "somebody had to."
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Trump Ties Trade Deal to China Action in Hong Kong, Suggests Meeting With Xi

August 15, 2019
Vivian Salama, Alex Leary | The Wall Street Journal
President Trump suggested a “personal meeting” with China’s President Xi Jinping to discuss the escalating crisis in Hong Kong and warned China it must respond “humanely” to the protests if it wants to strike a trade deal.
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Allies worry Trump is "running out of tools" to boost the economy

August 15, 2019
Jonathan Swan | Axios
A senior administration official said the administration was getting a lot of blowback from retailers who were worried about the China tariffs coming in September. The delay until Dec. 15, announced this week, was to stave off these concerns, the source said.
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White House takes a soft-touch approach to Hong Kong protests and China trade

August 14, 2019
Eamon Javers | CNBC
The White House is pushing back on this idea that the United States has anything to do with these protests that are happening in Hong Kong but also taking a soft-touch approach.
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News Wrap: Hong Kong’s airport again crippled by protests

August 14, 2019
Amna Nawaz, Jonathan Miller | PBS NewsHour
Chaos gripped Hong Kong again, as demonstrations crippled the city’s busy airport for a second day in a row. Violent clashes broke out when riot police armed with pepper spray confronted pro-democracy protesters.
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Goldman Sachs: The US-China trade war is hurting economic growth

August 12, 2019
Eamon Javers | CNBC
Futures were pointing to a lower open on Monday amid worries the trade war could push economies around the world into a recession.
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The U.S. Labeled China a Currency Manipulator. Here’s What It Means

August 7, 2019
Ana Swanson | The New York Times
The Trump administration labeled China a currency manipulator on Monday, after China allowed the value of its currency to fall. The designation — which the United States last used against China in 1994 — is more a symbolic move than a substantive one.
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China’s Currency Moves Escalate Trade War, Rattling Markets

August 6, 2019
Ana Swanson, Alexandra Stevenson, Jeanna Smialek | The New York Times
The trade war between the United States and China entered a more dangerous phase on Monday, as Beijing allowed its currency to weaken, Chinese enterprises stopped making new purchases of American farm goods and President Trump’s Treasury Department formally labeled China a currency manipulator.
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Trump Ordered New Chinese Tariffs Over Objections of Advisers

August 5, 2019
Vivian Salama, Josh Zumbrun | The Wall Street Journal
President Trump overruled advisers to ramp up tariffs on China after a heated exchange in which he insisted levies were the best way to make Beijing comply with U.S. demands, according to people familiar with the matter.
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