Steven Mnuchin

Defying expectations and overturning pollsters’ predictions that had underestimated the “red wave,” Donald Trump is preparing to cross the threshold of the White House for a second time.

The International Monetary Fund is considering a plan to create as much as $650 billion in additional reserve assets to help developing economies cope with the pandemic, with an eye on finalising a decision next month, according to sources.

There are now COVID-19 infected people in all 50 states of the United States after a positive test was reported in West Virginia yesterday, the BBC reported. Gov. Jim Justice said after announcing the first COVID-19 infected in the state, "We knew it would happen."

So far, there are 108 coronavirus deaths in the United States with over 6,300 infected.

The United States and China have no agreement on further tariff reductions, world agencies said.

The U.S. and China are planning two rounds of face-to-face meetings as they seek to wrap up a trade deal, with negotiators aiming for a signing ceremony in late May or early June, according to people familiar with the situation.

President Trump announced Sunday that the US and China had made "substantial progress" in their trade talks and that he was postponing raising tariffs on Chinese goods while a deal is finalized, FORBES writes. 

U.S. Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports and suggested offering a tariff rollback during trade discussions scheduled for Jan. 30, the Wall Street Journal has reported, citing people familiar with the internal deliberations.

US Treasury Secretary Steven Mnuchin is to hold a telephone conference on Monday with top market regulators, after the Dow and the Nasdaq suffered their worst week since 2008.

AFP - Turkey on Friday threatened to respond if the United States levied further sanctions over the detention of an American pastor which has sparked a diplomatic standoff and battered the Turkish currency.

This is her first visit to that country as Serbia's prime minister.

Brnabic will have several meetings with US officials in New York and Washington, as well as with representatives of international institutions and companies with headquarters in that country, and will meet with representatives of the scientific and business community.