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Cease-fire in US-China trade war doesn’t bridge differences

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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.”

 

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Crimes and Courts

Florida Creates Public Assistance Fraud Task Force, Appoints Special Prosecutor to Crack Down on Fraud

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Courtesy of the Office of the Attorney General

TALLAHASSEE, Fla. (FNN)James Uthmeier announced the launch of the Public Assistance Fraud Task Force, a multi-agency initiative aimed at strengthening investigations and prosecutions of fraud involving taxpayer-funded benefit programs.

As part of the effort, Assistant Statewide Prosecutor Scott Strauss has been appointed as special prosecutor to oversee complex, multi-circuit fraud cases and coordinate legal strategies across agencies.

TASK FORCE TO TARGET FRAUD

The task force is designed to provide legal counsel and streamline criminal prosecutions for state agencies and law enforcement, enhancing Florida’s ability to build strong cases against individuals accused of fraud.

“We are launching this task force to bring accountability and prosecute those who are stealing from Floridians,” Uthmeier said. “Florida is not Minnesota or California, and we will safeguard the taxpayers’ investment in the services meant for the vulnerable.”

MULTI-AGENCY COLLABORATION

State leaders emphasized the importance of coordination across agencies to combat increasingly sophisticated fraud schemes.

“Under the leadership of Governor Ron DeSantis and Attorney General Uthmeier, Florida has continued to identify, address, and prevent fraud,” said Shevaun L. Harris, secretary of the Agency for Health Care Administration. “This multi-agency initiative creates an opportunity to collectively reaffirm that commitment.”

Brad McVay added that protecting taxpayer-funded programs is essential to maintaining public trust.

“Floridians deserve a government that safeguards their taxpayer dollars from fraudsters,” McVay said.

Florida Department of Law Enforcement Commissioner Mark Glass also stressed enforcement.

“If you commit fraud against public assistance programs, you will be held accountable,” Glass said.

ROLE OF SPECIAL PROSECUTOR

The special prosecutor will evaluate and oversee ongoing multi-circuit investigations, assist in developing cases for prosecution, and support law enforcement with legal tools such as warrants and affidavits.

Kathleen Von Hoene said the initiative will strengthen protections for vulnerable populations.

“Our goal is to protect the public, preserve the integrity of the Medicaid program, and safeguard the populations it serves,” she said.

PROGRAMS AND ENFORCEMENT

Florida’s public assistance programs include Medicaid, SNAP, WIC, housing assistance and reemployment services. Fraud involving these programs can result in criminal charges ranging from misdemeanors to felonies, with penalties including fines, restitution and incarceration.

Law enforcement agencies interested in participating in the task force can contact the Office of Statewide Prosecution for more information.

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Florida

Former Property Appraiser Rick Singh Launches Clerk of Courts Bid, Passes on Mayor and CFO Races

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Photo credit: The Honorable Rick Singh, who served two terms as Orange County Property Appraiser.

ORLANDO, Fla. (FNN)Rick Singh, a U.S. Army veteran, business leader and former Orange County property appraiser, has announced his candidacy for Orange County Clerk of Courts, outlining a platform focused on efficiency, modernization and improved customer service.

While some observers expected Singh to pursue higher-profile offices such as Orange County mayor, Florida chief financial officer or Congress, his decision to run for Clerk of Courts reflects a focus on operational leadership and improving local government services.

“I’m running to make government work faster, smarter and more efficiently for the people of Orange County,” Singh said. “Residents deserve a Clerk’s Office that is responsive, transparent and built for today’s needs.”

PLAN TO MODERNIZE AND IMPROVE SERVICES

Singh outlined several immediate priorities if elected, including upgrading technology and expanding digital access.

“We will modernize the system by reducing long lines, enhancing online services and making it easier for residents to access records, make payments and interact with the Clerk’s Office,” Singh said.

His plan includes improving website and mobile access, streamlining in-person services and reducing wait times for residents.

FOCUS ON EFFICIENCY AND ACCOUNTABILITY

In addition to modernization, Singh said he will prioritize operational improvements and customer service reforms.

“We will overhaul customer service to prioritize speed, respect and accountability,” Singh said. “That includes auditing operations to eliminate delays and inefficiencies that frustrate residents.”

Singh emphasized that creating a more efficient and user-friendly experience will be a top priority from day one.

EXPERIENCE, INNOVATION AND COMPETITIVE FIELD

During his tenure as property appraiser, Singh led the office with the scope and visibility of a countywide constitutional role, implementing reforms that improved transparency, accuracy and efficiency.

His annual “State of Orange County Real Estate” events drew thousands of attendees, including elected officials, real estate professionals, financial leaders and community stakeholders, positioning the office as a key platform for economic insight and public engagement.

Supporters point to Singh’s track record of innovation — including modernizing systems and improving operational performance — as a model for how he would lead the Clerk of Courts office.

“I’ve led a large countywide office and delivered results,” Singh said. “I’m ready to bring that same level of leadership, innovation and accountability to the Clerk of Courts.”

His entry into the race adds to an already competitive field that includes Maribel Gomez Cordero, a current county commissioner and former vice mayor, and Emily Bonilla, a former commissioner and vice mayor, both of whom bring experience in local government leadership and community engagement.

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Central Florida News

Nick Nesta Wins Apopka Mayor Runoff in Landslide, Defeats Christine Moore

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APOPKA, Fla. (FNN) — Apopka voters have elected Nick Nesta as the city’s next mayor following a decisive runoff victory over Christine Moore.

Nesta, a current Apopka city commissioner, secured 61.94% of the vote, defeating Moore, who received 38.06%, according to unofficial results with all precincts reporting. Voter turnout was approximately 20%, based on data from the Orange County Supervisor of Elections.

LANDSLIDE RUNOFF VICTORY

Nesta’s win marks a significant political shift in the city of about 60,000 residents in northwest Orange County. The two candidates advanced to the runoff after emerging as the top vote-getters in the initial election, which unseated incumbent Mayor Bryan Nelson.

The margin of victory — nearly 62% — underscores strong voter support for Nesta’s campaign message and leadership vision.

CAMPAIGN DYNAMICS AND VOTER RESPONSE

Despite Moore receiving endorsements from prominent leaders and organizations, including the Orlando Sentinel, voters ultimately favored Nesta’s platform.

Observers say the results suggest local voters prioritized campaign messaging and community connection over high-profile endorsements, including that of the outgoing Apopka mayor, whom voters rejected in the initial election.

IMPLICATIONS FOR FUTURE ELECTIONS

Nesta’s victory could offer insight into voter sentiment ahead of the August 2026 primary elections across Orange County and beyond.

Political analysts note that the outcome may signal a broader trend in which voters are responding more strongly to local issues and candidate engagement than to traditional political backing.

Nesta is set to assume leadership of Apopka as the city continues to address growth, infrastructure and community development priorities.

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