U.S.-China trade negotiations may receive boost from joint opioid smuggling investigation
A joint law enforcement investigation between the United States and China may help inch the two countries closer to a long-anticipated trade deal, Bloomberg reports.
The investigation reportedly revolves around fentanyl smuggling, and China's National Narcotics Control Commission is expected to hold a press conference Thursday about the case, in which officers from both countries will reportedly give a briefing on their cooperation. Fentanyl is a highly addictive painkiller that has played a central role in the opioid crisis, leading to thousands of deaths in the U.S.
Washington has criticized Beijing in the past for not doing enough to stop nefarious opioid smuggling practices, and President Trump has specifically called out Chinese President Xi Jinping for failing to live up to a promise to crack down on the practice. But the recent cooperation on the smuggling front may help swing the negotiation pendulum back in the right direction. Bloomberg notes the concession from China, could help Trump sell his negotiation tactics to struggling farms, the U.S. business community, and trade hardliners within his own administration. Read more at Bloomberg.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Tim is a staff writer at The Week and has contributed to Bedford and Bowery and The New York Transatlantic. He is a graduate of Occidental College and NYU's journalism school. Tim enjoys writing about baseball, Europe, and extinct megafauna. He lives in New York City.
-
Labour's Brexit conundrum
The Explainer Keir Starmer backs 'twin track' strategy – build closer security ties with EU while ruling out single market, customs union and free movement
By The Week UK Published
-
6 scenic white water rafting destinations to get your heart racing
The Week Recommends Have a rip-roaring time on the water
By Catherine Garcia, The Week US Published
-
Dangerous substances in Lunchables are raising concerns over children's health
In the Spotlight High levels of lead and sodium were recently found in the snack packages
By Justin Klawans, The Week US Published
-
Empty-nest boomers aren't selling their big homes
Speed Read Most Americans 60 and older do not intend to move, according to a recent survey
By Peter Weber, The Week US Published
-
Brazil accuses Musk of 'disinformation campaign'
Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
By Rafi Schwartz, The Week US Published
-
Disney board fends off Peltz infiltration bid
Speed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
By Rafi Schwartz, The Week US Published
-
Disney and DeSantis reach detente
Speed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
By Peter Weber, The Week US Published
-
Visa and Mastercard agree to lower swipe fees
Speed Read The companies will cap the fees they charge businesses when customers use their credit cards
By Peter Weber, The Week US Published
-
Reddit IPO values social media site at $6.4 billion
Speed Read The company makes its public debut on the New York Stock Exchange
By Peter Weber, The Week US Published
-
Housing costs: the root of US economic malaise?
speed read Many voters are troubled by the housing affordability crisis
By Peter Weber, The Week US Published
-
Feds cap credit card late fees at $8
speed read The Consumer Financial Protection Bureau finalized a rule to save households an estimated $10 billion a year
By Peter Weber, The Week US Published