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Foreign Policy Analysis
News Wrap: U.S.-China trade talks conclude with no visible progress

News Wrap: U.S.-China trade talks conclude with no visible progress

JUDY WOODRUFF: And, in the day’s other news:
As we mentioned, stocks did turn south after Fed Chair Jerome Powell indicated that today’s
rate cut might not herald a trend. The Dow Jones industrial average plunged over
333 points to close at 26864. The Nasdaq fell 98 points, and the S&P 500
shed 33. All three indexes were down 1 percent. And speaking of trade, U.S. and Chinese officials
have finished their latest trade talks without visible signs of progress. The meeting in Shanghai today was aimed at
ending an ongoing tariff war. It wrapped up 40 minutes ahead of schedule. Just yesterday, President Trump accused the
Chinese of reneging on promises, and he warned them against waiting to see if he is reelected. Today, Beijing answered: HUA CHUNYING, Spokeswoman, Chinese Ministry
of Foreign Affairs (through translator): It’s just laughable, because it’s obvious to all
who went back on his word and has been capricious in more than a year of trade talks. It’s useless to ask other people to take medicine
when you are sick yourself. I think the United States should show more
sincerity and honesty on the issue of trade talks. JUDY WOODRUFF: The two sides say that they
will meet again in Washington come September. The foreign minister of Iran, Mohammad Javad
Zarif, is now under U.S. economic sanctions. The Treasury Department announced it today. It said Zarif is helping Iran’s supreme leader,
Ayatollah Ali Khamenei, to carry out — quote — “his reckless agenda.” Zarif countered that he was sanctioned because
he is a threat to America’s agenda. In Western Afghanistan, a roadside bomb ripped
open a bus today, killing at least 32 people. It happened on a highway between the provincial
capitals of Herat and Kandahar. Local hospitals were crowded with at least
17 wounded. Officials said most of the dead were women
and children. The Taliban denied responsibility. Back in this country, the U.S. Senate confirmed
Kelly Craft to be ambassador to the United Nations. The longtime Republican activist is currently
ambassador to Canada. She will also be the first major political
donor to serve as U.N. ambassador. And Puerto Rico’s outgoing Governor Ricardo
Rossello has named his choice for a successor. Pedro Pierluisi is a former delegate to U.S.
Congress. He was nominated to be secretary of state
in Puerto Rico and would become governor when Rossello resigns on Friday. But he faces opposition over his ties to Puerto
Rico’s highly unpopular financial oversight board. Still to come on the “NewsHour”: analyzing
the results of last night’s Democratic debate and looking ahead to tonight’s second round;
accusations of sexual assault against an Air Force general taking a top military post;
out of thin air — can harvesting water from fog be the key to solving the world’s water
problems?; and much more.

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