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Illustration: Sarah Grillo/Axios

When Uber sold its China business to Didi Chuxing in 2016, the ride-hail giant thought it had taken care of its China problems. It was wrong, although this time the trouble isn't of its own making.

What's new: Uber plans to price its mega-IPO on Thursday night, and begin trading Friday morning. The company is going public on the exact day that President Trump has threatened to impose new tariffs on $200 billion of Chinese imports.

Context: Uber is going public during a week in which the markets have been roiled by increased U.S.-China trade tensions.

  • This could help explain why we haven't yet seen an increased IPO price range, despite widespread talk that the offering is already oversubscribed. This could still happen, but time is running short.

What to watch: The biggest headache here is macro, although Uber's IPO registration does list two relevant risk factors:

  1. The imposition of duties, tariffs, and other charges on imports and exports, including with respect to imports and exports of dockless e-bikes and e-scooters from China.
  2. Disruption in the supply of certain hardware and components from our international suppliers, particularly those in China.

Be smart: It's entirely possible that Trump is bluffing about his Friday deadline, or that his Twitter bluster is prelude to an agreement, as we saw with Canada/USMCA. But Uber won't really know until after it prices and, if Trump keeps his word, it would list into extremely bearish sentiment.

The bottom line: For a company that waited so long to IPO, it might have inadvertently picked one of the worst possible times.

Go deeper: Public markets take center stage with all eyes on Uber IPO

Go deeper

Updated 2 mins ago - World

Reports: Up to 17 U.S. missionaries kidnapped in Haiti

Haitian soldiers guard the public prosecutor's office in Port-au-Prince earlier this month. Photo: Richard Pierrin/AFP via Getty Images

Children were among up to 17 American Christian missionaries and their relatives kidnapped by a gang in Haiti on Saturday, the New York Times first reported.

Details: The missionaries had just left an orphanage and were traveling by bus to the airport to "drop off some members" and were due to travel to another destination when the gang struck in Port-au-Prince, Haitian security officials said, per the NYT.

Melbourne, "world's most locked-down city," to lift stay-at-home orders

Victorian Premier Daniel Andrews during a news conference in Melbourne, Australia, on Sunday. Photo: Quinn Rooney/Getty Images

Melbourne's stay-at-home orders will end five days earlier than planned, officials in Australia's second-biggest city announced Sunday.

Why it matters: The capital of the state of Victoria has had six lockdowns totaling 262 days since March last year. That means Melbourne's spent longer under lockdowns than "any other city in the world" during the pandemic, Reuters notes.

Venezuela suspends talks with opposition after Maduro ally extradited to U.S.

Venezuelan President Nicolás Maduro in Caracas, Venezuela, in June. Photo: Gaby Oraa/Bloomberg via Getty Images

A key ally of Venezuela's President Nicolás Maduro was extradited from Cape Verde to the U.S. Saturday to face money laundering charges in Florida, Bloomberg first reported.

Why it matters: Venezuela's government called off negotiations with opposition officials that were scheduled for Sunday in Mexico in response to the extradition of Alex Saab, a Colombian businessman and financial fixer for Maduro. Security forces placed six U.S. oil executives under house arrest later Saturday, per AP.