News brief: Big stories of the day

WION Web Team
New Delhi, Delhi, India Updated: Dec 04, 2018, 09:15 AM(IST)

George HW Bush and his son George Bush. Photograph:( Reuters )

Story highlights

Read the top 5 stories of the morning here. 

We expect China to roll back retaliatory farm tariffs 'quickly': White House

The United States expects China will remove retaliatory tariffs on US farm products "quickly" as part of the trade truce reached over the weekend, White House economic advisor Larry Kudlow said Monday.

Beijing retaliated with steep duties on US crops in the trade war which has seen President Donald Trump hit $250 billion in Chinese goods with tariffs of 10-25 percent.

As a result, soybean exports to China have plunged, harming US farmers.

Luka Modric wins 2018 Ballon d'Or, breaks Messi-Ronaldo dominance

Real Madrid's Croatia midfielder Luka Modric was named winner of the 2018 Ballon d'Or on Monday, breaking Cristiano Ronaldo's and Lionel Messi's decade-long hold on the prestigious award.

Juventus forward and 2017 winner Ronaldo came second, while Atletico Madrid and France striker Antoine Griezmann came third.

Paris St Germain's France forward Kylian Mbappe, who also collected the Kopa award for the best under-21 player, was fourth, with Barca forward Messi finishing fifth.

Japanese prosecutors to arrest Ghosn on fresh claim, prolonging detention: Report

Tokyo prosecutors plan to arrest Carlos Ghosn on a fresh claim of understating his income, the Sankei newspaper reported on Tuesday, in a move that could keep the former chairman of Nissan Motor Co in detention until the end of the year.

Washington pays its last respects to George HW Bush as he lies in state at Capitol

Washington's political elite paid tribute to former US President George HW Bush as his body lay in state in the Capitol on Monday, evoking a bygone era of bipartisan civility in American politics.

Before a visibly moved Bush family and with hands on hearts, members of Bush's Cabinet, lawmakers, the vice president and Supreme Court justices honoured the 41st president as his flag-draped casket entered the soaring Capitol Rotunda for the first official ceremony.

US farmers more cautious than hopeful after China trade deal

President Donald Trump says American farmers will see immediate benefits from the trade detente with Beijing, but farm belt representatives are still cautious about declaring victory.

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