Main news“The Five Star Party and the Democratic Party of Italy are close to agreeing to form a new coalition while retaining Giuseppe Conte’s premiership, sources said. Both parties are trying to prevent the formation of a government led by Deputy Prime Minister Matteo Salvini, who heads the League, and to avoid early elections. Ansa reports that the budget of 2020 is the subject of controversy, and the two sides will meet again today to continue the discussion. – British Prime Minister Boris Johnson said that he is a little more optimistic about the possibility of reaching a new agreement on Brexit. The British prime minister, however, refused to confirm that he would not suspend parliament. While Brexit’s topic wasn’t discussed at the G7 Summit, French President Emmanuel Macron said “we are close to Brexit without a deal,” adding: “It will be hard, it’s not good, it’s not what I want.” Macron later again ruled out any major changes to the Brexit agreement, saying that EU chief negotiator Michel Barnier can only discuss “technical changes.” Boris Johnson’s position on the Irish border would mean that goods that do not comply with EU rules could enter the EU through the UK. “The US should not underestimate China’s determination to retaliate if it continues to raise tariffs,” said the People’s Daily newspaper in a comment. Potential measures include tariffs, adding US companies to the list of unreliable organizations, issuing warnings to students and travelers about the undesirability of staying in the US, and stopping the purchase of American agricultural products. On Friday, China introduced tariffs against US goods worth $ 75 billion. Some of the duties will come into force on September 1, some on December 15, and the tariff rate for various categories of goods will be 10% or 5%. In response, Trump said that for those Chinese products whose tariffs should have been increased by 10% from September 1, they will be increased by 15%, and the rate at the previously introduced tariffs for goods worth $ 250 billion will be from October 1 increased from 25% to 30%. However, Trump later softened his tone, saying that, judging by the latest phone calls, China wants a deal and is returning to negotiations. – As a result of another exacerbation of the US-China trade war last week, the usd / cny rate opened with a gap up on Monday and is currently trading at 7.16. Bank of America economists believe the yuan could drop to 7.5 per dollar by the end of the year to help offset the effects of tariffs. – The Minister of Economy of Japan made it clear that he wants to put an end to the threat of new tariffs against Japanese cars as part of a trade deal with the United States. “I want to deal with this issue properly in the final stages of trade negotiations with the US,” said Toshimitsu Motegi. – Trump, following a meeting of bankers in Jackson Hole, tweeted: “The Fed did nothing again. It is incredible that they ‘speak’, without knowing or asking what I am doing, what will be announced soon. We have a very strong dollar and a very weak Fed. I’ll work them hard ‘and’ everything will be all right. ” – A survey of members of the Democratic Party in the United States from Monmouth University showed that US presidential candidates Bernie Sanders and Elizabeth Warren have 20% of the vote, and Joe Biden lost leadership and has 19%. – The Ministry of Economy of Russia lowered its forecast for GDP growth for 2020 to 1.7% from 2%, citing a further deterioration in the economic situation in the world caused by the US-China trade war and the “unfavorable” development of the country’s credit cycle. The forecast for inflation at the end of next year was reduced to 3% from 3.8%.