News Wrap: China urges U.S. to make a deal to end trade war

News Wrap: China urges U.S. to make a deal to end trade war


WILLIAM BRANGHAM: In day’s other news: Before
President Trump spoke today, China called for the U.S. to meet it halfway on a trade
deal. A Foreign Ministry spokesman in Beijing said
the tariff war is hurting both countries. He said the U.S. should follow China’s example
in approaching trade talks. GENG SHUANG, Chinese Foreign Ministry Spokesperson
(through translator): China has a good reputation for abiding by international treaties. The United States, in contrast, often breaks
promises, overthrows consensus and violates rules. A country that habitually goes back on its
word, breaks its promises and withdraws from treaties has no right at all to talk about
fulfilling commitments with China. WILLIAM BRANGHAM: The two countries are scheduled
to hold their next round of trade talks in September. Protesters in Hong Kong staged a sit-in today
at the subway station where pro-democracy supporters were attacked last month. Police with riot shields faced off with the
crowd at the station’s entrance. Protesters, in turn, sprayed fire extinguishers
to slow their approach. Two more American service members have been
killed in Afghanistan. NATO announced the deaths today, but gave
no details. And the death toll from Saturday’s suicide
bombing in Kabul rose to 80, as more victims died of their wounds. The Islamic State group has claimed responsibility. Wildfires kept burning today across Brazil,
and President Jair Bolsonaro suggested they’re the work of nonprofit groups that oppose his
Amazon development policy. He gave no evidence to support that claim. More than 74,000 fires have ravaged Brazil
this year, up 80 percent from last year. Smoke has caused near-blackout conditions
in Sao Paulo and elsewhere. In Australia, Roman Catholic Cardinal George
Pell will stay behind bars, after a court denied his appeal. Last March, the former Vatican finance minister
was sentenced to six years in jail for sexually abusing two choir boys back in the 1990s. Today, an appeals court in Melbourne ruled
2-1 to uphold those convictions, based on the testimony of one of the victims. ANNE FERGUSON, Chief Justice, Supreme Court
of Victoria: Justice Maxwell and I accepted the prosecution’s submission that the complainant
was a very compelling witness, was clearly not a liar, wasn’t a fantasist, and was a
witness of truth. He didn’t seek to embellish his evidence or
tailor it in a manner favorable to the prosecution. WILLIAM BRANGHAM: Pell is the highest ranking
Catholic worldwide to be found guilty of sexually abusing children. He could still appeal to Australia’s highest
court. Back in this country, President Trump ordered
expedited action to wipe out federal student loan debt for some 25,000 American veterans
who are permanently disabled. He signed the order at the AMVETS National
Convention in Louisville, Kentucky. and he said veterans won’t be taxed on the
forgiven debt. The action affects just a fraction of 1 percent
of overall student loan debt in the U.S., which exceeds $1.5 trillion. New numbers on the nation’s fiscal outlook
say federal deficits are surging. The Congressional Budget Office projected
today the deficit will top $1 trillion a year starting next year, and deficits over the
next decade will be more than $800 billion higher than expected. The CBO cited the recent budget deal that
lifted the debt limit and eliminated planned spending cuts. And on Wall Street today, stocks jumped after
major retailers reported strong earnings. The Dow Jones industrial average gained 240
points to close at 26202. The Nasdaq rose 71 points, and the S&P 500
added nearly 24. Still to come on the “NewsHour”: how will
the White House’s new immigration rules impact families seeking asylum?; icy relations between
President Trump and Denmark after the Scandinavian nation refuses to put Greenland up for sale;
breaking down the issues facing the Native American community, and much more.

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