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Report: Trump officials asked China to cut deficit by $100 billion

Xi and Trump
Xi and Trump in China. Photo: Thomas Peter, Pool / Getty Images

The Trump administration has asked China for a plan to reduce the bilateral trade deficit by $100 billion — not $1 billion as President Trump tweeted Wednesday, the Wall Street Journal reports.

The details: It makes much more sense to cut $100 billion from a $375.2 billion deficit than to cut $1 billion. Liu He, President Xi Jinping's top economic deputy who was in Washington last week, reportedly told U.S. officials that it's in China's interest to reduce the trade deficit as it moves away from export-led growth. [Go deeper: The scale of the U.S.-China trade deficit.]

Haley Britzky 50 mins ago
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DOJ eyeing tool to allow access to encrypted data on smartphones

Deputy Attorney General Rod Rosenstein.
Deputy Attorney General Rod Rosenstein. Photo: Win McNamee / Getty Images

The Justice Department is in "a preliminary stage" of discussions about requiring tech companies building "tools into smartphones and other devices" that would allow law enforcement investigators to access encrypted data, the New York Times reports.

Why it matters: This has been on the FBI's mind since 2010, and last month the White House "circulated a memo...outlining ways to think about solving the problem," officials told the Times. Both FBI Director Christopher Wray, and Deputy Attorney General Rod Rosenstein, support finding ways for law enforcement to access data without compromising devices security.

Haley Britzky 54 mins ago
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Media tycoon Barry Diller talks #MeToo

 IAC & Expedia, Inc. Chairman & Senior Executive Barry Diller
IAC & Expedia, Inc. Chairman & Senior Executive Barry Diller. Photo: Cindy Ord / Getty Images for Yahoo

Barry Diller, chairman of mega-media and Internet company IAC, told the New York Times he thinks "all men are guilty," when it comes to "the spectrum" of the #MeToo movement.

"I hope in the future for some form of reconciliation. Because I think all men are guilty. I’m not talking about rape and pillage. I’m not talking about Harveyesque. I’m talking about all of the spectrum. From an aggressive flirt. Or even just a flirty-flirt that has one sour note in it. Or what I think every man was guilty of, some form of omission in attitude, in his views."

Why it matters: The #MeToo movement has rocked Hollywood and the media industry. Diller told the Times he sees the effects of this "in our companies, where the relationships between people are changing."