The Washington Post reports, "The economic agreement President Trump said he reached with Chinese leader Xi Jinping on Saturday showed signs of unraveling Tuesday, with the White House threatening new penalties against Beijing and multiple officials seeking to downplay expectations for an eventual deal. Investors, who had applauded the deal on Monday, turned sharply negative Tuesday. The Dow Jones industrial average dropped 799 points, or 3.1 percent, to close at 25,027. The Standard and Poor's 500-stock index fell 3.2 percent, and the tech-heavy Nasdaq gave up 3.8 percent. Trump, in a series of Twitter posts, threatened to slap a range of import penalties on Chinese products if they did not make major changes in their economic relationship with the United States."
Wired reports, "In Katowice, Poland, delegates from around the world have gathered to discuss how to curb emissions of greenhouse gases. The intent is to meet the goals that emerged from the 2015 Paris United Nations Climate Summit. But this year there's a new top dog at the table. The United States, led by a president who doesn't believe in climate change or the scientists who study it, will take a back seat at this month's climate summit, known as COP24. Meanwhile China, with its massive economy and growing green energy sector, has become the world's climate leader."
Bloomberg reports, "China announced an array of punishments that could restrict companies' access to borrowing and state-funding support over intellectual-property theft, a key sticking point in its trade conflict with the U.S.News of the measures came just days after President Xi Jinping promised to resolve the U.S.'s "reasonable concerns" about IP practices in a statement after meeting President Donald Trump at the Group of 20 summit on Saturday in Argentina. The White House said the sides agreed to hold off on tariff action for at least 90 days as they negotiate to resolve specific U.S. complaints."