A spat between the U.S. and China over tariffs heightened fears this week of an all-out trade war between the world's two largest economies, causing markets to tumble.
The episode escalated when the U.S. Trade Representative unveiled a list of $50 billion in Chinese products that could be hit with stiff tariffs. Beijing responded in kind, announcing plans to impose duties on U.S. goods.
President TrumpDonald TrumpJan. 6 panel plans to subpoena Trump lawyer who advised on how to overturn election Texans chairman apologizes for 'China virus' remark Biden invokes Trump in bid to boost McAuliffe ahead of Election Day MORE ratcheted up his rhetoric after that, saying that he had instructed U.S. Trade Representative Robert LighthizerBob LighthizerBiden moves to undo Trump trade legacy with EU deal Whiskey, workers and friends caught in the trade dispute crossfire GOP senator warns quick vote on new NAFTA would be 'huge mistake' MORE to consider tariffs on another $100 billion in Chinese products.
That prompted a swift reply from the Chinese government, which said that, although it did not want a trade war with the U.S., it was "not afraid of fighting" Trump's protectionist policies.
The back-and-forth between Washington and Beijing rattled world financial markets and drew rebukes from U.S. companies amid fears that they could be cut off from the world's second largest economy.
At the same time, the Trump administration rolled out a series of new sanctions targeting dozens of Russian oligarchs, government officials and companies, in what was cast by U.S. officials as a broad effort to punish Russia for alleged destabilizing activities.
That move came more than a week after the U.S. and more than two dozen other countries announced that they would expel Russian diplomats as punishment for Moscow's alleged role in the poisoning of a former Russian spy on British soil last month.
The Trump administration appears poised to defend the latest tariff threats and tout the sanctions during the Sunday morning news shows, with top trade and economic officials set to make appearances.
Here's the full lineup:
NBC's "Meet the Press": White House Trade Adviser Peter Navarro is set to make an appearance. Sen. Michael Rounds (R-S.D.) and Christopher Wylie, the co-founder of embattled consulting firm Cambridge Analytica, will also be on.
"Fox News Sunday": White House Economic Adviser Larry Kudlow and Rep. Joe CrowleyJoseph (Joe) CrowleyBottom line Progressives eye shift in strategy after high-profile losses Ocasio-Cortez doesn't rule out challenging Schumer MORE (D-N.Y.) will be on the show.
CBS's "Face the Nation": Treasury Secretary Steven MnuchinSteven MnuchinMajor Russian hacking group linked to ransomware attack on Sinclair: report The Hill's Morning Report - Presented by Alibaba - Biden jumps into frenzied Dem spending talks Former Treasury secretaries tried to resolve debt limit impasse in talks with McConnell, Yellen: report MORE will be on. He'll be joined by Sens. John KennedyJohn Neely KennedyMORE (R-La.) and Ben CardinBenjamin (Ben) Louis CardinIt's time to make access to quality kidney care accessible and equitable for all Charity game lets users bet on elections Progressives push back on decision to shrink Biden's paid family leave program MORE (D-Md.).
CNN's "State of the Union": Kudlow will make an appearance, as will Sen. Susan CollinsSusan Margaret CollinsFunding for victims of 'Havana syndrome' to be included in Pentagon bill The Hill's Morning Report - Presented by Uber - Biden makes his pitch as tax questions mount Emanuel defends handling of Chicago police shooting amid opposition to nomination MORE (R-Maine).
ABC's "This Week": Thomas Bossert, the White House homeland security and counterterrorism adviser, will be on. Sen. Lindsey GrahamLindsey Olin GrahamThune endorses Herschel Walker in Georgia Senate race Pennsylvania Republican becomes latest COVID-19 breakthrough case in Congress McCain: Ivanka Trump, Jared Kushner had 'no goddamn business' attending father's funeral MORE (R-S.C.) will also make an appearance.