President Donald Trump spoke with Chinese President Xi Jinping about trade on Thursday, as he signed an order targeting Venezuela’s gold exports and was preparing to announce a change in asylum rules.
TRUMP SAYS CHINA TALKS GOING WELL
Trump said on Twitter that he’d spoken with Xi about “many subjects, with a heavy emphasis on Trade.” U.S. stocks DJIA, +1.05% added to their gains after Trump hinted at progress by saying the discussions were “moving along nicely.” The two leaders are scheduled to meet at a G-20 summit in Argentina later this month.
Trump’s conversation with Xi came the same day the U.S. accused a Chinese company and its Taiwanese partner of stealing trade secrets from Micron Technology Inc. MU, +6.39% It’s the latest in a string of high-profile espionage cases against China.
PRESSURE ON VENEZUELA
In a slap at the regime of President Nicolas Maduro, Trump signed an executive order banning Americans from dealing with entities involved with what National Security Adviser John Bolton called “corrupt or deceptive” gold sales from Venezuela.
Bolton said in a speech in Miami that Venezuela had used its gold GCZ8, +1.69% sector to finance illicit activities and support criminal groups.
Trump is expected to unveil a change in asylum rules, in his latest move on immigration policy with just days remaining before the midterm elections. CNN said Trump is expected to unveil or propose changes to the way migrants can request asylum. The administration will seek to require migrants to request asylum at legal points of entry, and prevent them from claiming asylum if they are caught crossing the border illegally, a CNN report said.
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