UPDATE: WTO lets China impose tariffs on the US

The World Trade Organisation has authorised China to impose retaliatory duties on US imports to a value of more than 600 million dollars per year. Beijing had challenged American tariffs levied on Chinese exports ranging from solar panels to steel wire - goods made by companies that Washington insists are effectively enjoying state subsidies. David Firestein - President of the George HW Bush Foundation for US-China Relations - explained the background. Lastly, is The US central bank is poised to raise interest rates as it unwinds the support it has provided the world's largest economy since the start of the pandemic. The Federal Reserve did not raise interest rates on Wednesday - but said such a move would - quote - soon be appropriate. How soon? We asked Susan Schmidt of Aviva Investors in Chicago.