A spokesperson for the Chinese foreign ministry said Beijing has no desire to deliberately manipulate its currency to temper the effect of U.S. tariffs, reports Bloomberg.
Why it matters: Experts says China could use monetary policy to manipulate the yuan's value and offset the effects of Trump's trade war — a strategy Russia has employed to survive Western sanctions, Axios' Steve LeVine reports. President Trump has called out both China and Russia for currency manipulation in the past.
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President Trump tweeted an explosive, all-caps threat directed at Iran's president Hassan Rouhani late Sunday:
Why it matters: Trump's decision to withdraw from the Iran nuclear deal in May and reimpose sanctions escalated tensions between the two countries.
The backdrop: Trump's tweet, which has already drawn comparisons to his now-famous "fire and fury" threat against North Korea's Kim Jong Un, was prompted by comments made yesterday by President Rouhani.
The latest: Iran's state-run news agency has dismissed Trump's tweet as a "passive reaction." It claims the U.S. president was copying Iran's Foreign Minister Mohammad Javad Zarif, who famously warned the West to "never threaten an Iranian" during 2015 nuclear talks.
What they're saying:
A man opened fire along a busy Toronto avenue late Sunday night, wounding 13 people and killing at least one, The Globe and Mail reports.
The details: Police say the shooter, who was killed in a gunfire exchange with authorities, used a handgun to target at least two restaurants or cafes. His motive is not yet known.
