G-20 Summit
President Trump returned Monday from the G-20 Summit in Osaka, Japan. During the trip, President Trump met with Chinese President Xi Jinping, after which the leaders announced plans to resume previously stalled trade negotiations. In exchange, President Trump pledged to withhold tariff escalation and announced that Xi agreed to resume purchases of American agricultural products. In addition to meeting with President Xi, President Trump held a bilateral meeting at the Korean Demilitarized Zone (DMZ) with Kim Jong-un of North Korea.
Emergency Supplemental Appropriations Bill
While the House and Senate remained out of session for the weeklong Fourth of July recess, President Trump signed into law Monday H.R. 3401, the $4.6 billion emergency supplemental appropriations bill. The House voted 305-102 to pass the measure last Thursday, June 27 despite pushback from some House Democrats. The bill provides $2.9 billion for the Department of Health and Human Services and $1.3 billion for the Department of Homeland Security, among other provisions, to support efforts to address the humanitarian crisis at the southern border.
Read more in McGuireWoods Consulting’s Emerging Technologies Washington Update.