CBS Moneywatch News


As President Trump and China's Xi Jinping prepare to meet, Americans will hear a lot about American decline and the rise of a powerful new China. The Chinese certainly believe it - but is it true? Tony Dokoupil has more.

Wholesale prices in the U.S. jumped 6% last month compared to a year ago, the highest annual increase in more than three years. Gas prices are driving the increase, and Americans are feeling the impact. Jo Ling Kent reports.

Chinese President Xi Jinping has called Taiwan "the most important issue" between his country and the U.S. About 10% of the population in Taiwan wants to reunify with mainland China, and there are real fears that it will fall under communist control. Tony Dokoupil and Anna Coren break down its importance to China and the U.S.




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