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Fox News

Trump meets US ambassador to China as tensions flare ahead of Xi showdown

Trump meets US ambassador to China as tensions flare ahead of Xi showdown
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Trump is set to meet with U.S. Ambassador to China David Perdue as the administration prepares for a summit with Xi Jinping in May.

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Scoop: U.S. eases bank sanctions amid Venezuela's economic woes

The Trump administration eased sanctions on Venezuela's state-run financial system Tuesday to try to boost the country's economy amid protests by public workers demanding higher pay. Why it matters: Venezuela's government-run bank and other large financial institutions can now begin legally using U.S. currency, directly receive billions of dollars in oil sales and reenter the U.S.-controlled global financial system to help its damaged economy. The action by the U.S. Treasury is also intended to

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