Axios

A big Chinese trade counter-assault may be on its way: a deliberate devaluation of the yuan, with the aim of offsetting the impact of U.S. tariffs, experts tell Axios.

If they are right, China will be mimicking an ultra-successful stratagem used by Russia to weather four years of withering western sanctions over its invasion of Ukraine.

Iranian President Hassan Rouhani on Sunday issued a stern warning to President Trump against provoking Tehran through sanctions, telling Trump that "America should know ... war with Iran is the mother of all wars," Reuters reports.

“Mr Trump, don’t play with the lion’s tail, this would only lead to regret"

Britain's Prime Minister Theresa May ruled out the prospect of Northern Ireland remaining in the EU's shared "customs union" and "single market" during a speech in Belfast on Friday, reports BBC News.

Why it matters: The "backstop" arrangement to avoid a hard border between Northern Ireland and the Republic of Ireland is a key part of Brexit negotiations proposed by the EU. On an island where peace and borders are inextricably linked, the vulnerable prime minister is staring down some high-stakes Brexit complications.

Russia’s governing party, United Russia, has proposed legislation seeking to impose an $800,000 fine on websites for "inaccurate" posts if they fail to remove the content, and will hold social networks accountable for comments users post the government deems erroneous, reports the New York Times.

The details: Critics see the legislation, which passed one of three series of votes in Parliament, as a crackdown on digital rights. Internet companies, who would be required to remove such posts, argue that the number of posts and comments by readers make it impossible for for moderators to thoroughly review within 24 hours, per the Times. Under current law, social media users could be prisoned or face a fine for content that promotes homosexuality, seen as a threat to public order or "extremist" in nature.

President Donald Trump has expressed private frustrations over the lack of immediate progress in nuclear talks with North Korea, the WashPost reports.

The details: The North Koreans, trained in "the art of delay and obfuscation," have made life difficult for U.S. officials by repeatedly canceling meetings and failing to maintain communications, as intelligence reports suggest Pyongyang may be be working to hide key details of its nuclear program. Trump, meanwhile, has fumed privately to aides while publicly touting the success of his meeting with Kim Jong Un.

Secretary of Homeland Security Kristjen Nielsen faced a mini-firestorm after her interview at the Aspen Security Forum Thursday: Some listeners (and news coverage) understandably but inaccurately saw her as contesting that Russia's 2016 election-tampering was meant to help the Trump campaign.

Between the lines: Nielsen danced around providing a clear soundbite to that effect — though she did say she agreed with the intelligence assessment saying exactly that. But much of the criticism she faced is based on misunderstandings of security jargon that the Aspen audience would know.

Russia is seeking the release of Maria Butina, the Russian national accused of accessing U.S. political organizations in an attempt to influence prominent Republicans and gain information to report back to the Russian government, the New York Times reports.

The details: Since Butina's indictment by the Justice Department, the Russian government has made a vast effort in demanding her release. On Saturday, Russian foreign minister Sergey Lavrov reportedly called Mike Pompeo and argued that the charges against Butina were "fabricated."

Hamas leaders announced on Saturday they've accepted a cease-fire with Israel, CBS reports; it's the second such agreement of the week.

Why it matters: Fighting between the militant group and Israeli forces has been escalating near a brink of an all-out war — of which there has been three in the past decade, per CBS. And even after the cease-fire, an Israeli tank moved on a Hamas military post in Gaza in response to "a breach of the border fence," CNN reports.