The daily business briefing: August 26, 2019

Trump says China wants to resume trade talks, Disney to open stores inside dozens of Targets, and more

Disney to open stores inside 25 Targets.
(Image credit: Presley Ann/Getty Images for Disney)

1. Trump says China wants to restart trade negotiations

President Trump said Monday that China had expressed willingness to resume trade negotiations. "China called last night our top trade people and said, 'Let's get back to the table,' so we'll be getting back to the table, and I think they want to do something," Trump said on the sidelines of the Group of Seven summit in France. China's top negotiator said earlier Monday that Beijing was ready to resolve the trade war through "calm negotiations." U.S. stock futures had been down following mixed messages on China from Trump during the G-7 meeting. First he said he had "second thoughts" about his tariffs on Chinese imports, then the White House said he meant he questioned whether the tariffs should be higher. After Trump raised the possibility of a deal, U.S. stock index futures turned solidly positive.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us
Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.