U.S. President Donald Trump says he'll meet Chinese leader Xi Jinping at a regional summit taking place in October in South Korea and will visit China early next year. Trump and Xi shared a phone call Friday. In a Truth Social post, Trump said Xi would come to the United states and noted the leaders made progress on "the approval of the TikTok Deal" to allow the popular social media app to keep operating in the U.S. Trump hasn't given details on what was discussed about TikTok. A Chinese government statement says Xi urged the U.S. to avoid any trade restrictions but didn't mention the visits.
By LINDSAY WHITEHURST and MARK SHERMAN Associated Press
President Donald Trump says the country would be on "the brink of economic catastrophe" without the import taxes he's imposed on U.S. rivals and allies alike. His administration is using near-apocalyptic terms that are highly unusual in Supreme Court filings as it asks the justices to intervene and reverse an appeals court ruling that found most of Trump's tariffs are an illegal use of an emergency powers law. The tariffs remain in place, for now. Trump's team wants the justices to decide in a week's time whether to hear the case and hold arguments the first week of November.
Canada is dropping retaliatory tariffs to match U.S. tariff exemptions for goods covered under the United States-Mexico-Canada trade pact. Prime Minister Mark Carney said Canada will include the carve-out that the U.S. has on Canadian goods under the 2020 free trade deal that shields the vast majority of goods from the punishing duties. The move is designed to reset trade talks between the two countries. The USMCA is up for review in 2026, and Carney called the trade pact a unique advantage for Canada at a time when it is clear that the U.S. is charging for access to its market.
