As trade negotiations between Washington and Beijing continue, new reports said China was behind a recent cyber attack on a prominent U.S. manufacturing group. A cybersecurity firm reportedly determined the National Association of Manufacturers (NAM) was breached by Chinese hackers over the summer.
It appears the Phase One trade deal between the U.S. and China may be complete. Beijing’s Commerce Ministry said the two sides reached “a consensus on principle” after Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin spoke with Chinese officials by phone.
White House Economic Adviser Larry Kudlow is touting the strong job growth in October. Kudlow reiterated the president’s claim that the U.S. added 303,000 new jobs last month.