President Trump and Chinese President Xi Jinping are likely to talk this week about the ongoing trade negotiations between the world's largest economies, National Economic Council director Kevin Hassett said Sunday,
Why it matters: It would mark a major advance in the increasingly turbulent trade relationship between the countries, and is a step that U.S. officials have suggested was necessary for progress.
President Trump late Saturday announced he would yank his nominee to lead NASA, citing "a thorough review of prior associations."
The big picture: Jared Isaacman, a close associate of Elon Musk who has led SpaceX missions, will be replaced by someone who is "[m]ission aligned," Trump wrote on Truth Social.
America is so far defying the gloomiest economic forecasts, but tariff threats keep scrambling the good news.
Why it matters: Inflation is at a four-year low, consumer sentiment might be on the mend and the stock market has recovered from its post- "Liberation Day" lows — but it's all being overshadowed by intensifying China trade tensions.
