Overseas Headlines – June 22, 2020

United States:

Trump Says China Deal ‘Fully Intact’ After Navarro Roils Markets

“U.S. President Donald Trump said the phase one trade deal with China was “fully intact,” after his adviser Peter Navarro sowed confusion and spurred a temporary stock slump with comments interpreted as a decision to end the agreement. “The China Trade Deal is fully intact. Hopefully they will continue to live up to the terms of the Agreement!” Trump said in a Twitter post late Monday.”



German Economic Recovery to Begin in Summer Merkel Advisers Say

“Germany will start recovering this summer from its worst recession in recent history and bounce back strongly next year from the pandemic-induced slump, according to the country’s leading economic experts. Europe’s largest economy will contract 6.5% this year and grow 4.9% in 2021, according to the latest forecast by the Council of Economic Experts, an advisory group to Chancellor Angela Merkel’s government also known as the Five Sages.”



China, India Agree to Cool Down Tensions Along Disputed Border

“China and India have agreed to deescalate tensions on their disputed Himalayan border, after a weeks-long standoff boiled over into the worst military clash between the two nations in 45 years. Foreign Ministry spokesman Zhao Lijian told a regular news briefing Tuesday in Beijing that a commander-level meeting on Monday had agreed to “take necessary measures to cool down” the situation and resolve the issue through diplomatic and military channels.”



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