Politics
Cease-fire in US-China trade war doesn’t bridge differences
Published
7 years agoon
WASHINGTON (AP) — Once again, Presidents Donald Trump and Xi Jinping have hit the reset button in trade talks between the world’s two biggest economies, at least delaying an escalation in tension between the U.S. and China that had financial markets on edge and cast a cloud over the global economy.
But when U.S. and Chinese negotiators sit down to work out details, the same difficult task remains: getting China to convince the United States that it will curb its aggressive push to challenge American technological dominance — and then to live up to its promises.
At the Group of 20 meeting in Osaka, Japan, Trump and Xi agreed to a cease-fire in the trade conflict . Trump said Saturday he would hold off for the “time being” on plans to impose tariffs on $300 billion more in Chinese imports — on top of the $250 billion he’s already targeted. This decision will jump-start trade talks that stalled last month.
“We’re going to work with China where we left off,” Trump said Saturday. He also said China had agreed to buy more American farm products.
Andy Rothman, an investment strategist with Matthews Asia and a former economic official with the U.S. Embassy in Beijing, said the Trump-Xi meeting was more conciliatory than he expected. He was struck by Trump’s use of the term “strategic partner” to describe U.S. relations with China after other administration officials have played up the geopolitical rivalry between the two countries.
Addressing another contentious issue, Trump said he will now allow U.S. companies to sell some components to Chinese telecommunications giant Huawei, which last month was put on an American blacklist as a threat to national security. Trump said that Huawei will stay on the blacklist, however, and that its future won’t be decided until the end of the trade talks.
Neil Shearing, London-based chief economist at Capital Economics, predicted that financial markets will rally with relief when they reopen Monday. “But I don’t think this marks the turning of the tide,” he said. “Talks will ebb and flow, but the direction over the next 12 months will be toward renewed escalation because issues around industrial strategy will prove to be so intractable.”
The Trump administration says China is trying to cheat its way to dominance in the cutting-edge technologies of the future such as artificial intelligence and quantum computing.
In a report last year, the Office of the United States Trade Representative accused Beijing of resorting to predatory tactics to challenge American technological supremacy.
These include forcing foreign companies to hand over technology in exchange for access to the Chinese market; subsidizing its own companies (especially those owned by the state) while burying foreign firms in regulations; providing government money so Chinese firms can buy sensitive foreign technology at above-market prices; and stealing trade secrets outright.
Eleven rounds of talks failed to end the standoff. The United States has imposed 25% import taxes on $250 billion in Chinese products and threatened to target $300 billion more — a move that would extend the tariffs to virtually everything China ships to the United States.
China has lashed back with tariffs on $110 billion in American goods, focusing on agricultural products in a direct and painful shot at Trump supporters in the U.S. farm belt.
The last time Trump and Xi met — in early December at a G-20 gathering in Buenos Aires, Argentina — they also reached a cease-fire that injected new life into the talks. But the momentum didn’t last.
Until May, it appeared that the two countries were slowly closing in on a deal. But then U.S. officials accused their Chinese counterparts of reneging on commitments they’d made earlier, and talks broke down.
Getting them back on track could prove difficult. Beijing is reluctant to end subsidies to Chinese companies and to write any commitments into Chinese law. The Chinese also want the United States to drop its tariffs as a condition of any deal. But the Trump administration insists on keeping tariffs to use as leverage to make sure that China keeps its promises.
For now, business groups are relieved that the tariffs aren’t expanding and optimistic the two countries can reach a deal.
“We are encouraged that China and the United States have agreed to continue negotiations without further escalation of the mutually damaging trade war,” said Jason Oxman, president of the Information Technology Industry Council. “We are also relieved that President Trump has reconsidered his threat to impose additional tariffs, which would have accelerated harm to all American consumers, workers, and businesses of all sizes.”
Still, the decision to go easy on Huawei drew immediate fire politically. “Huawei is one of few potent levers we have to make China play fair on trade,” said Senate Minority Leader Chuck Schumer, D-N.Y. “If President Trump backs off, as it appears he is doing, it will dramatically undercut our ability to change China’s unfair trades practices.”
The Commerce Department put the firm on a blacklist because of the possibility its equipment could be used for cyberespionage. Trump suggested that his administration will review the company’s status on Commerce’s so-called Entity List and cleared the way for U.S. firms to sell it some components.
Both countries have economic and political incentives to reach a deal. Xi is overseeing a decelerating economy and likely won’t want to be engaged in a destructive trade war when China’s ruling Communist Party meets in October.
Trump, too, is confronted with an economy that, though still healthy, has looked a bit wobbly. And the trade hostilities with China have hurt his supporters in rural America as he campaigns for re-election in 2020.
“This is a truce for now – for Xi, ahead of the Communist Party celebrations in October and for Trump, dependent on how his re-election campaign progresses,” said Diana Choyleva, chief economist at Enodo Economics. “But as we’ve said before, fundamentally, this dispute is about much more than trade – it’s part of a longer-term Great Decoupling that stems from a conflict over technological supremacy and geopolitical power. This is about redefining the world political and economic order, a process that will see periods of relative calm and also periods of significant turbulence.”
“Both Chinese and U.S. leaders recognize the importance of bringing the relations back to the right track,” said Li Yong of the China Association of International Trade.
“President Xi said we hoped to see normal relations. It’s hard to predict what will happen tomorrow, so I cannot say when the relations will return to right track.”
You may like
Florida
Vilchez Santiago Wins Union Backing; Daisy Morales Says Voters — Not Political Endorsements — Decide Elections
Published
3 days agoon
July 10, 2026ORLANDO, Fla. (FNN NEWS) — The Democratic primary for Florida House District 43 intensified this week after candidate Samuel Vilchez Santiago announced endorsements from a coalition of labor organizations, prompting former State Rep. Daisy Morales to respond that while endorsements are important, elections are ultimately decided by voters.
Vilchez Santiago announced support from 12 labor organizations, including the Florida AFL-CIO, Central Florida AFL-CIO, SEIU Florida, the Florida Education Association, the Orange County Fire Fighters Association, United Food and Commercial Workers Local 1625, the Orange County Classroom Teachers Association, the United Auto Workers, the International Brotherhood of Electrical Workers Local 606, the Laborers’ International Union of North America Local 517, SMART Transportation Division PAC, and the Amalgamated Transit Union Local 1596.
“I am incredibly honored to earn the support of these outstanding labor organizations,” Vilchez Santiago said.
He said the endorsements were especially meaningful because he grew up in a union household.
“These endorsements are deeply personal to me. As someone who grew up in a union household, I understand firsthand that unions create pathways into the middle class and give working families the opportunity to build a better future.”
Vilchez Santiago said he would continue advocating for workers’ rights and policies that strengthen Florida’s middle class if elected.
Morales Congratulates Opponent, Recognizes Union Members
In response, Morales congratulated Vilchez Santiago on receiving the endorsements while recognizing the contributions of organized labor across Florida.
“I congratulate Mr. Vilchez Santiago on earning the support of these organizations and appreciate every group that participates in our democratic process,” Morales said.
Morales praised union members working as teachers, firefighters, law enforcement officers, healthcare professionals, skilled trades workers, transportation employees and others who contribute to Florida’s economy.
“Every worker deserves respect, opportunity, safe workplaces, fair wages, and the opportunity to achieve the American Dream.”
Morales Points to 2020 Democratic Primary
Morales said endorsements are valued but do not determine election outcomes.
She cited the 2020 Democratic Primary for Florida House District 48, when Vilchez Santiago received endorsements from elected officials, political organizations and advocacy groups before Morales defeated him and three other Democratic candidates to win the Democratic nomination.
Following that election, Florida Politics wrote that endorsements “didn’t matter” after Morales emerged victorious.
“That election demonstrated a principle that remains true today,” Morales said. “Political endorsements are valued expressions of support, but they never replace the judgment of the voters. The people—not political insiders or special interests—have the final say on Election Day.”
Morales later won the general election and represented House District 48 from 2020 to 2022.
Contrasting Campaign Messages
The exchange highlights the different messages each campaign is emphasizing as the Aug. 18 Democratic primary approaches.
Vilchez Santiago has focused on labor support, workers’ rights, affordability, housing, healthcare and reducing the influence of special interests.
Morales has centered her campaign on her legislative experience, bipartisan record and accomplishments during her term in the Florida House.
Morales said her official legislative record includes sponsoring and co-sponsoring more than 110 bills during the 2021 and 2022 legislative sessions and helping secure more than $12.5 million in state appropriations supporting higher education, healthcare, workforce development, nonprofit organizations, infrastructure improvements and community projects.
Among the legislative priorities Morales highlighted were educational opportunities for disabled veterans, property tax relief, consumer protection, public safety, workforce development, healthcare initiatives, infrastructure investments and services benefiting veterans, seniors and individuals with disabilities.
“Working families deserve representatives who deliver results—not just campaign promises,” Morales said.
Leadership and Experience
Morales said voters should evaluate candidates based on their accomplishments in public office.
“There is a clear difference in this race. My opponent is asking voters to consider who has endorsed his campaign. I am asking voters to examine my record of public service, legislative accomplishments, and proven results. Experience matters because results matter.”
She encouraged voters to review her official legislative record on the Florida House of Representatives website, which includes sponsored and co-sponsored legislation, committee assignments, voting history and appropriations.
Primary Election Approaches
The Democratic primary for Florida House District 43 will be held on Tuesday, Aug. 18, 2026, with early voting scheduled for Aug. 3–16. The winner will advance to the Nov. 3 general election.
House District 43 includes portions of east Orange County, including Azalea Park, Union Park, Alafaya, Orlando, Rio Pinar and surrounding communities.
Both campaigns are expected to continue emphasizing their respective strengths as voters begin casting ballots in one of Central Florida’s most closely watched Democratic legislative primaries.
Central Florida News
Orlando Begins Fiscal Year 2026-27 Budget Review, Addresses Property Tax Reform and Future Spending
Published
3 days agoon
July 10, 2026ORLANDO, Fla. (FNN NEWS) — The City of Orlando will officially begin its Fiscal Year 2026-27 budget process on Monday, July 13, with a public budget workshop outlining Mayor Buddy Dyer’s proposed spending plan for the coming fiscal year.
City officials said the proposed budget is balanced, does not increase the city’s millage rate, and continues to prioritize the core municipal services residents rely on every day.
Budget Workshop Scheduled for July 13
The budget process begins with a workshop at 10 a.m. in the City Council Chambers on the second floor of Orlando City Hall.
During the workshop, Mayor Buddy Dyer and members of the Orlando City Council will receive an overview of the proposed Fiscal Year 2026-27 budget from Chief Financial Officer Jose Fernandez and Assistant Chief Financial Officer Jason Wojkiewicz.
In addition to presenting the proposed spending plan, city financial officials will discuss proposed property tax reform and its potential impact on future city budgets and long-term financial planning.
Public Hearings Scheduled for September
Following the budget workshop, Orlando residents will have opportunities to provide public input during two public hearings in September.
Budget Hearing No. 1
Monday, Sept. 14, 2026
5:01 p.m.
City Council Chambers, Orlando City Hall
During the first hearing, the City Council is expected to adopt a proposed millage rate and establish a tentative Fiscal Year 2026-27 budget and Capital Improvement Program.
Budget Hearing No. 2
Monday, Sept. 28, 2026
5:01 p.m.
City Council Chambers, Orlando City Hall
The second and final public hearing will include the City Council’s vote to adopt the final millage rate, Fiscal Year 2026-27 budget and Capital Improvement Program.
Budget Takes Effect Oct. 1
If approved, Orlando’s Fiscal Year 2026-27 budget will take effect on Thursday, Oct. 1, 2026, marking the beginning of the city’s new fiscal year.
FY 2026-27 Budget Timeline
- Monday, July 13 — Budget Workshop (10 a.m.)
- Monday, Sept. 14 — First Public Budget Hearing (5:01 p.m.)
- Monday, Sept. 28 — Final Public Budget Hearing and Adoption Vote (5:01 p.m.)
- Thursday, Oct. 1 — Fiscal Year 2026-27 Budget Implementation
The annual budget process establishes funding priorities for city operations, public safety, transportation, parks, infrastructure, capital improvements and other municipal services while determining the city’s property tax rate for the upcoming fiscal year.
Politics
State Rep. Angie Nixon Condemns Deadly ICE Shooting, Calls for Independent Investigation
Published
3 days agoon
July 10, 2026JACKSONVILLE, Fla. (FNN NEWS) — Following the fatal shooting of 52-year-old father and construction worker Lorenzo Salgado Araujo by an Immigration and Customs Enforcement (ICE) agent in Houston, Democratic U.S. Senate candidate and Florida State Representative Angie Nixon released the following statement:
Statement from Rep. Angie Nixon
“Lorenzo Salgado Araujo was a father who spent decades building homes and providing for his family. He was fatally shot in the street by an ICE agent operating from an unmarked vehicle. My heart breaks for his wife and three sons.
“Our nation faces a moral choice. We must stop investing billions of taxpayer dollars in an agency that, in my view, terrorizes communities, operates with too little accountability, and often conducts enforcement actions without body cameras or clear identification. Those resources should instead be invested in strengthening our communities and helping families meet their basic needs. I believe ICE should be abolished.
“I stand in full solidarity with Lorenzo’s family in calling for a fully independent and transparent investigation into his death. I also call for the immediate release of his brother and the other individuals who were detained during this incident if they are being held without legal justification.”
Key Points
- Rep. Angie Nixon expressed condolences to the family of Lorenzo Salgado Araujo.
- She called for a fully independent and transparent investigation into the fatal shooting.
- Nixon criticized ICE’s enforcement practices and renewed her call to abolish the agency.
- She urged the release of Lorenzo’s brother and others detained during the incident if their continued detention is not legally justified.
Trending
World3 days agoU.S., CARICOM IMPACS Sign Landmark Biometrics Data-Sharing Agreement to Strengthen Border Security
Central Florida News3 days agoOrlando Police Arrest Three Following Shooting at West Lakes Apartment Complex
Florida3 days agoVilchez Santiago Wins Union Backing; Daisy Morales Says Voters — Not Political Endorsements — Decide Elections
US NATIONAL NEWS3 days agoU.S. Expands Sanctions Targeting Iran’s Financial Networks and Regime Financiers
World3 days agoCARICOM Leaders Unveil Regional Measures to Combat Rising Cost of Living