On Wednesday afternoon, the Nats traded away two pitchers to the Angels. There are almost certainly still more to go. The first two gone: Luis Garcia and Andrew Chafin. According to ESPN's Jeff Passan,

President Donald Trump said that India will have a 25% tariff beginning Aug. 1. He also said that the key trading partner will face an additional "penalty," but did not specify what that might mean.

The United States and China appear to be moving toward extending a 90-day trade truce between the two countries, but President Trump must sign off.

Shares in Asia were mixed on Wednesday after the U.S. and China ended their latest round of trade talks without a deal. U.S, futures edged higher while oil prices slipped. Beijing’s top trade official said China and the United States agreed during two days of talks in Stockholm,

President Donald Trump shakes hands with European Commission President Ursula von der Leyen, as US Commerce Secretary Howard Lutnick, US Trade Representative Jamieson Greer and White House Deputy Chief of Staff Stephen Miller clap after an announcement of a trade deal between the US and EU in Turnberry, Scotland, on July 27.

China’s ruling Communist Party elites fundamentally believe that the American empire is in decline. They are acting accordingly. Recent developments with “trade hawk” Trump seem to confirm this belief.