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Photo: Win McNamee/Getty Images

Commerce Secretary Wilbur Ross said in an interview with CNBC on Thursday that he believes Trump's trade war will move toward a resolution "well within a year."

"I think we will have made very substantial progress well within a year. Whether it's gonna be exactly China, whether it'll be EU, whether it'll be NAFTA, I would be very surprised if we were in this exact same situation as we are now."

The details: One reason Ross cites for his optimism is that Beijing is having difficulty sustaining its war against American soybeans. "They're literally having to pay farmers to try to convince them to grow soybeans instead of a more lucrative crop," Ross said.

Go deeper

Updated 2 mins ago - World

Myanmar military fires UN ambassador after anti-coup speech

Photo: Peerapon Boonyakiat/SOPA Images/LightRocket via Getty Images

Myanmar's military regime on Saturday fired the country's ambassador to the United Nations, Kyaw Moe Tun, a day after he gave a pro-democracy speech asking UN member nations to publicly condemn the Feb. 1 coup, The New York Times reports.

The latest: Kyaw Moe Tun told Reuters later on Saturday, "I decided to fight back as long as I can."

58 mins ago - Axios on HBO

Preview: "Axios on HBO" interviews White House Senior Advisor Cedric Richmond

On the next episode of "Axios on HBO," Axios co-founder Mike Allen interviews White House Senior Advisor Cedric Richmond.

  • Catch the full interview and much more on Sunday, February 28 at 6 pm. ET/PT on all HBO platforms.
2 hours ago - World

Italy tightens COVID restrictions as experts warn of growing prevalence of variants

Health workers prepare vaccine doses in Iseo, Italy. Photo: Stefano Nicoli/NurPhoto via Getty Images

Italy on Saturday announced it was tightening restrictions in five of the country's 20 regions in an effort curb the spread of the coronavirus.

Driving the news: The announcement comes as health experts and scientists warn of the more transmissible coronavirus variants, per Reuters.