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Daily business briefing

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Mon, Dec 16, 2019 12:16 PM

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Boris Johnson welcomes new allies and promises fast Brexit, Lighthizer says the U.S.-China trade dea

Boris Johnson welcomes new allies and promises fast Brexit, Lighthizer says the U.S.-China trade deal is "totally done," and more 1. Boris Johnson welcomes Conservative lawmakers, promising to deliver Brexit 2. Lighthizer says U.S.-China t Daily business briefing 1. [Boris Johnson welcomes Conservative lawmakers, promising to deliver Brexit]( British Prime Minister Boris Johnson on Monday welcomed 109 newly elected Conservative members of Parliament following his party's [landslide win in last week's election](. Johnson promised to deliver on his pledge to speed up the U.K.'s exit from the European Union after months of delays. Johnson said he would run a "people's government" that would "repay the public's trust by getting Brexit done." He also vowed to use his solid new majority to approve increased spending for health care, education, and law enforcement. Johnson reportedly aims to present his Brexit bill to Parliament before Christmas so that Britain can leave the EU by Jan. 31, ending three years of debate over Brexit. [[Reuters]( mailto:?Subject=Boris+Johnson+welcomes+Conservative+lawmakers%2C+promising+to+deliver+Brexit%0A&body=Read the story here: 2. [Lighthizer says U.S.-China trade deal 'totally done']( U.S. Trade Representative Robert Lighthizer said Sunday that the first phase of the U.S.-China trade deal the two sides announced Friday is now "totally done." Under the agreement, he said, the U.S. will "double exports" to China over the next two years. The gains stemmed partly from China's agreement to buy billions of dollars' worth of American agricultural products. In exchange, President Trump promised to drop plans to impose a new round of tariffs on Chinese imports on Sunday. The world's two biggest economies plan to formally sign the agreement in January. [[CNBC]( mailto:?Subject=Lighthizer+says+U.S.-China+trade+deal+%27totally+done%27%0A&body=Read the story here: 3. [North America trade deal hits a snag]( A top Mexican trade negotiator on Sunday rushed to Washington to discuss a potential snag in the new U.S.-Mexico-Canada Agreement. The trade deal, intended to replace NAFTA, was signed last week, but Jesús Seade, undersecretary for North America in the Foreign Ministry, accused Washington of unexpectedly deciding to send up to five U.S. representatives to monitor labor conditions under the treaty. Mexico had rejected a proposal for U.S. labor inspectors to boost enforcement of labor laws, calling such a measure a violation of Mexico's sovereignty. The measure was included in implementing legislation sent to the U.S. Congress on Friday. Seade sent U.S. Trade Representative Robert Lighthizer a letter saying the U.S. "never mentioned" that the foreign labor inspectors would be part of the deal, and expressing "Mexico's surprise and concern." [[The Washington Post]( mailto:?Subject=North+America+trade+deal+hits+a+snag%0A&body=Read the story here: 4. [Stock futures gain on cautious optimism about U.S-China trade deal]( U.S. stock index futures rose slightly early Monday, boosted by Friday's announcement of a "phase one" trade deal between the U.S. and China. Futures for the Dow Jones Industrial Average were up by about 0.2 percent several hours before the opening bell, while those of the S&P 500 and the Nasdaq gained more than 0.3 percent. Stocks closed slightly higher on Friday after the U.S. and China announced the deal, averting a new round of U.S. tariffs on Chinese goods that had been scheduled to hit on Sunday. Markets remained cautious pending the release of full details on China's planned purchases of U.S. agricultural goods and other key points. In corporate news, Boeing reportedly is considering reducing or halting production of its grounded 737 MAX jets. [[CNBC]( Reuters]( mailto:?Subject=Stock+futures+gain+on+cautious+optimism+about+U.S-China+trade+deal%0A&body=Read the story here: 5. [Hallmark reverses decision to pull ad featuring kissing brides]( The Hallmark Channel announced Sunday it was reversing a decision to pull a same-sex marriage commercial that sparked outrage from a conservative group. The One Million Moms organization complained to the network about a commercial for Zola, a wedding planning site, that featured two brides kissing at the altar. Hallmark agreed to stop airing the ads, but on Sunday, Hallmark Cards CEO Mike Perry released a statement saying the "Crown Media team has been agonizing over this decision as we've seen the hurt it has unintentionally caused. Said simply, they believe this was the wrong decision. We are truly sorry for the hurt and disappointment this has caused." The decision to stop airing the commercials triggered a social media backlash and calls to boycott Hallmark. [[The Associated Press]( mailto:?Subject=Hallmark+reverses+decision+to+pull+ad+featuring+kissing+brides%0A&body=Read the story here: MOST POPULAR [Trump tries to taunt Nancy Pelosi with a bizarre dig at her teeth]( Peter Weber [At least 6 staffers quit Rep. Jeff Van Drew's office amid party-switching reports]( Peter Weber [Epstein conspiracy theorists have conveniently forgotten about Trump]( Ryan Cooper [How the fall of Elizabeth Warren has shaken up the 2020 race]( David Faris [New Fox News poll has support for impeaching and removing Trump steady at 50 percent]( Peter Weber [Trump tries to taunt Nancy Pelosi with a bizarre dig at her teeth]( December 16, 2019 [At least 6 staffers quit Rep. Jeff Van Drew's office amid party-switching reports]( December 16, 2019 [CNN's Jake Tapper grills Rand Paul on whether he really believes Trump is against corruption]( December 16, 2019 [New Fox News poll has support for impeaching and removing Trump steady at 50 percent]( December 16, 2019 [Is this email not displaying correctly? View it in your browser.]( [Unsubscribe from this list |]( [Update subscription preferences |]( [Privacy Policy]( © 2015 THE WEEK PUBLICATIONS, INC. ALL RIGHTS RESERVED. THE WEEK ® IS A REGISTERED TRADEMARK OWNED BY FELIX DENNIS. Get 4 issues of The Week for only $8 [TRY IT OUT]( [TRY IT OUT]( [Subscribe]( [Subscriber login]( [Give a gift]( [Classroom subscriptions]( [Newsletters]( [Privacy policy]( [Terms & conditions]( [The Week UK]( [Contact Us]( [Ad info]( [RSS](

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