WASHINGTON – The Trump administration and China declared a temporary truce Friday in their 15-month-long trade war. However, the grievances that led them to impose tariffs on hundreds of billions of dollars worth of each other's goods remain largely unresolved. The administration agreed to suspend a tariff hike on $250 billion worth of Chinese imports that was set to take effect Tuesday. And China agreed to buy up to $50 billion of U.S. farm products. The de-escalation in tension between the world's two largest economies was welcomed by financial markets.

London, China is a leading force in Artificial Intelligence (AI) technology and blocking AI research with the country will do more harm than good for humanity, Microsoft CEO Satya Nadella said. In an interview with the BBC, Nadella said that despite national security concerns, backing out of China would "hurt more" than it solved. "A lot of AI research happens in the open and the world benefits from knowledge being open," he said. Quoting Microsoft President Brad Smith, Nadella said: "We know any technology can be a tool or a weapon. The question is, how do you ensure that these weapons don't get created? I think there are multiple mechanisms."

Chinese leader Xi Jinping has pledged to lower car tariffs, improve intellectual property protection and open up the Chinese economy, addressing United States complaints in an escalating trade dispute. Xi made his remarks on Tuesday at the Boao economic forum on the southern island of Hainan. He did not mention US President Donald Trump directly. "China's door of opening up will not be closed and will only open wider," Xi said in his first public speech since the outbreak of trade tensions between China and the US. Also on Tuesday, it emerged that China filed a complaint against the US at the World Trade Organization (WTO) over steel and aluminium products tariffs imposed by Washington.

WASHINGTON – The Trump administration on Tuesday escalated its aggressive actions on trade by proposing 25 percent tariffs on $50 billion in Chinese imports to protest Beijing's alleged theft of American technology. The Office of the U.S. Trade Representative issued a list targeting 1,300 Chinese products, including industrial robots and telecommunications equipment. The suggested tariffs wouldn't take effect right away: A public comment period will last until May 11, and a hearing on the tariffs is set for May 15. Companies and consumers will have the opportunity to lobby to have some products taken off the list or have others added. The latest U.S. move risks heightening trade tensions with China, which on Monday had slapped taxes on $3 billion in U.S. products in response to earlier U.S. tariffs on steel and aluminum imports.

The Office of the U.S. Trade Representative has issued a list targeting 1,300 Chinese products, including industrial robots and telecommunications equipment. But the proposed tariffs wouldn't take effect before a public comment period ends May 11.

Where did all the jobs go? Well, we're finally starting to find some satisfactory answers to the granddaddy of all economic questions. The share of Americans with jobs dropped 4.5 percentage points from 1999 to 2016 -- amounting to about 11.4 million fewer workers in 2016. At least half of that decline probably was due to an aging population. Explaining the remainder has been the inspiration for much of the economic research published after the Great Recession.