Sep 14, 2018

China may hold out on trade longer than Trump thinks

Photo: Alex Wong/Getty Images

A former U.S. trade negotiator, Jeff Moon, told the Washington Post that the belief that China will cave and make a deal with the U.S. is "a massive miscalculation."

The big picture: President Trump said in a tweet Thursday that China is "under pressure to make a deal with us," while their markets "are collapsing." But analysts note that the volatility of the Chinese stock market doesn't impact the country like it would the U.S. Economist Andrew Polk told the Post, "Trump has less leverage than he thinks," because while the Chinese economy "has its own's not about to blow up."

Go deeper: Axios' Steve LeVine reported in August that the trade war with China is likely to last "well into the second half of next year and perhaps beyond."

Go deeper

13 mins ago - Sports

How coronavirus could reshuffle the sports calendar

Illustration: Eniola Odetunde/Axios

The NBA's Board of Governors approved Thursday the league's 22-team plan to resume play at Walt Disney World — a plan that also includes tentative dates for both this season and next.

Why it matters: The league's proposed trip to Disney World not only impacts this season but could have a domino effect that impacts seasons in the future — and could permanently change what time of year the NBA plays its games.

Buffalo police officers suspended after shoving elderly man

Photo: Mike Desmond/WBFO via AP

Two Buffalo police officers were suspended without pay Thursday night after video emerged of them violently shoving a 75-year-old man to the ground while clearing a protest in the wake of George Floyd's killing in the city’s Niagara Square, WBFO reports.

The state of play: Before WBFO’s video of the incident went viral, a Buffalo police spokesman issued a statement that said "one person was injured when he tripped and fell."

As techlash heats up again, here's who's stoking the fire

Illustration: Aïda Amer/Axios

As controversies around online speech rage against a backdrop of racial tension, presidential provocation and a pandemic, a handful of companies, lawmakers and advocacy groups have continued to promote a backlash against Big Tech.

The big picture: Companies like Facebook and Google got a reputational boost at the start of the coronavirus lockdown, but that respite from criticism proved brief. They're now once again walking a minefield of regulatory investigations, public criticism and legislative threats over antitrust concerns, content moderation and privacy concerns.