Afternoon Coffee: No Breakthrough in U.S.-China Trade Talks, Hurricane Lane Disrupts Cargo Operations

Hoda Bogdan/Adobe Stock

A two-day summit between U.S. and Chinese negotiators produced no breakthrough in the ongoing trade war between the two countries, VOA News reports. At the core of the dispute is China’s policy toward technology and intellectual property. The U.S. is preparing to announce additional tariffs on $200 billion of Chinese goods.

Hurricane Lane 

The hurricane bearing down on Hawaii has closed ports in the state, disrupting cargo operations for at least seven days, KHON reports. In the worst-case scenario, the islands could have to wait weeks before resupply shipments.

Brexit Advisory 

The British government has published advice for businesses on how to handle the consequences of Brexit, The Wall Street Journal reports. The documents, which cover subjects from handling nuclear materials to organic food labeling, intend to send a message to Brussels: The U.K. is ready to walk away from unproductive talks, no matter the consequences.

Jackson Hole 

And finally, an economic update: Federal Reserve Chairman Jerome Powell said in a speech Friday that the U.S. economy is “strong,” running neither too hot nor too cold, the New York Times reports. Powell’s sentiment indicates the Fed will likely maintain its policy of gradually raising interest rates.

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