The Trump administration announced additional duties of 25% on French cosmetics, handbags and other imports valued at $1.3 billion in response to France’s digital services tax, but would hold off on implementing the move for up to 180 days.
The US federal budget deficit in June totaled $863 billion, the Congressional Budget Office estimated this week. That’s up from $8 billion in the same month last year and nearly matches the fiscal gap for all of fiscal year 2019, which was $984 billion.
Elon Musk is now richer than Warren Buffett. The fortune of Tesla Inc.’s chief executive officer rose $6.1 billion, according to the Bloomberg Billionaires Index, after the carmaker’s stock surged 11 percent.
China said Friday it will retaliate against US officials and institutions following Washington’s imposition of sanctions on three local officials of the ruling Communist Party over what Washington claims human rights abuses in the northwestern region of Xinjiang.
Iran dismissed the recent US allegations that American and “partner” forces have seized a vessel taking “Iranian weapons” to Yemen as continuation of Washington’s policy of leveling accusations and hatemongering against Tehran, which this time seeks to prolong a UN arms embargo against the Islamic Republic.
Kim Yo-jong, the sister of North Korea’s leader, said another summit with the US would only be useful for Washington at this point, adding her country had no intention of “threatening the US,” according to state media.