The US and China struck a partial trade deal on Friday, reaching a truce in their months-long trade war that’s rattled global markets and put President Donald Trump under pressure at home. Trump announced Friday that the two sides agreed on a “substantial phase one” of a trade deal after meeting with Chinese negotiators at the White House.
CNBC’s Jim Cramer said Tuesday that the Trump administration’s move to blacklist some Chinese tech companies will hinder its chances in negotiating a trade deal later this week. “They’re torpedoing the talks,” Cramer said on “Squawk Box.” “Anybody that is hopeful, their hopes are dashed.”
Bipartisan legislation to issue a commemorative $1 coin honoring the late Space Shuttle Challenger teacher/astronaut Christa McAuliffe of Concord passed the U.S. House of Representatives on Thursday, and is headed to President Donald Trump’s desk to be signed into law.
President Trump on Thursday authorized the creation of the United States Space Command, citing the need for a centralized unit to protect American interests in what he called “the next war-fighting domain.” He described the command as a precursor to the Space Force, a sixth branch of the military that he has promised to supporters at his rallies and that he wants Congress to create.
President Trump signed an executive order to launch the National Quantum Initiative Advisory Committee late Friday. The committee will be made up of the director of the Office of Science and Technology Policy (or a designee chosen by the director) and “not more than” 22 experts chosen by the secretary of Energy. These members can represent industry, research institutions and other federal agencies.
Hours after China announced retaliatory tariffs on U.S. goods on Friday, President Donald Trump ordered U.S. companies to “start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.” The stakes are high: U.S. companies invested a total of $256 billion in China between 1990 and 2017, compared with $140 billion Chinese companies have invested in the United States, according to estimates by the Rhodium Group research institute.
Underscoring the complexity of the U.S.-China trade relationship, careful observers will notice that there are more than two sides vying for influence at the table as negotiations continue in search of a possible deal. In fact, when it comes to the most important strategic question at the very heart of the dispute--what to do about China’s mercantilist campaign to dominate global markets for key advanced technologies--there are at least three contending positions on the U.S. side alone.
Last week’s mysterious nuclear accident in Russia became even more mysterious as the government admitted that a small nuclear reactor had exploded, killing seven people. Evidence is piling up that the incident is somehow related to Russia’s development of a nuclear-powered cruise missile, and President Donald Trump took to Twitter to state that the U.S. has a similar system.
Earlier this month, the Pentagon announced that Secretary of Defense Mark Esper would review the JEDI deal after President Donald Trump said that he had received complaints from companies about the process. Trump said in July that companies conveyed that the specifications of the contract favored Amazon, according to Bloomberg.
Dr. Brandon Cochenour, an electrical engineer, and Dr. James Hing, a robotics engineer, will receive the Presidential Early Career Award for Scientists and Engineers (PECASE), the U.S. government’s highest honor for outstanding scientists and engineers beginning their independent careers, during a ceremony at the Daughters of the American Revolution Constitution Hall in Washington D.C. The White House confers on PECASE awards annually to name the nation’s most outstanding STEM professionals who show exceptional promise to advance science and technology.