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🟡 Semafor Washington, DC: Trade truce?
In today’s edition: Hopes rise for a trade truce with China, and Trump amps up the pressure on Caracas.
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House Republicans draft new China investment curbs
Staff hope to reach consensus on the measure by Nov. 7.
Dado Ruvic/Illustration/Reuters
Senate Democrats probe Trump’s pardon of Binance founder
The pardon ‘signals to cryptocurrency executives and other white collar criminals that they can commit crimes with impunity,’ Sen. Elizabeth Warren and others wrote.
Kylie Cooper/Reuters
Benefits cliff amps up pressure on Senate Democrats
Still, there are no signs that Democrats are switching their votes on Republicans’ stopgap bill.
Kylie Cooper/Reuters
Left-wing ideas have wrecked Democrats’ brand, new report warns
The center-left group Welcome relied on polling of hundreds of thousands of voters over six months for its findings, shared first with Semafor.
Brendan McDermid/Reuters
Trump is poised to end Washington’s decade of the China Hawks
A decade of tough US policy toward China ends with a whimper.
Evelyn Hockstein/Reuters
Talks continue over how to pay federal workers as shutdown drags on
The shutdown’s effects are prompting some bipartisan movement.
Kylie Cooper/Reuters
Zelle goes international, with a wary eye on tokenized competitors
The US bank consortium will use stablecoins for fast overseas payments, its CEO says.
Congress floats through a lazy shutdown
Compared to past funding fights, there is little urgency or real effort to end this one.
Global powers opting to ‘escalate-to-negotiate,’ analysts say
‘First, create a crisis,’ The Wall Street Journal’s chief China correspondent wrote. ‘Then… step in to negotiate a solution, allowing both leaders to claim a victory.’
US, China set for high-stakes talks ahead of Trump-Xi meet
The US Treasury secretary and China’s top trade negotiator are set to face off in Malaysia for the fifth time since Trump’s trade war began.
Trump abruptly cancels Canada trade talks
The US president’s reversal came after an Ontario government ad that quoted former President Ronald Reagan as saying tariffs ‘hurt every American.’
Debatable: Changing Obamacare subsidies
The fight over soon-to-expire enhanced credits has shut down the government.
Bipartisan crypto bill faces fresh headwinds in Senate
Crypto CEOs have met with senators in an effort to salvage bipartisan talks.
‘It’s important to liberate Venezuela’: Congressional Republicans cheer Trump’s offensive
The president is expanding his “armed conflict,” authorizing CIA action as he strikes alleged drug boats. His party is behind him.
Navigating Regulatory Waves: Pathways Toward Policy Innovation
Senators watch the weird New Hampshire Republican primary
Senate Majority Leader John Thune told Semafor he’s still assessing which primary hopeful is ‘in the best position to win.’
Thune breaks with Trump on Argentine beef
The Senate majority leader talked to Semafor about how he’s navigating the imports debate and maintaining shutdown unity.
Democrats change their protest brand — but stick with the same substance
The party is so broadly adopting a more small-c conservative image, with the same goals.