President Trump is following through on his threat to implement tariffs on $50 billion in Chinese imports, and China has vowed to retaliate. The tariffs are in response to an investigation that accused China of stealing US intellectual property in order to dominate the development of advanced technology. The US imported $505 billion of goods from China last year and exported about $130 billion, leaving a 2017 deficit of $376 billion.
The state of Massachusetts sued the maker of the prescription painkiller OxyContin, which has been blamed for spawning America’s opioid crisis, naming leading executives and members of the multibillionaire Sackler family that owns the Purdue pharmaceutical company. Purdue and some other painkiller makers are currently facing more than 300 lawsuits from city and county authorities across the country.