US and China impose trade tariffs, Quebec heatwave kills 33, and more top news

The news professionals are talking about now, curated by LinkedIn’s editors. Join the conversation on today's stories in the comments.

The U.S. implemented $34 billion in tariffs on Chinese goods. Minutes later, Chinese officials said they were “being forced to strike back as necessary” — 545 items of U.S. imports have been hit with Chinese tariffs also worth $34 billion, according to the state-run Xinhua News Agency. On Thursday, President Trump threatened to expand U.S. tariffs to ultimately target over $500 billion in Chinese goods. The U.S. has already imposed duties on countries including Canada, Mexico, the EU and Japan. ? Here’s what people are saying.

The extreme heatwave that has gripped central and eastern Canada has killed 33 people in Quebec province, health officials say. 18 people have died in Montreal, where it was expected to hit 45 degrees Celsius on Thursday. Authorities said most of those who died were men aged 53 to 85 who lived without air-conditioning. Prime Minister Justin Trudeau expressed his sympathies on Twitter. ? Here’s what people are saying.

As Toys “R” Us shuts its doors, Amazon goes old-school. The tech giant will offer a holiday toy catalog, Bloomberg reports, which will be handed out to Whole Foods shoppers and mailed to “millions” of U.S. households. The move is part of Amazon's efforts to incorporate traditional retail in its business model, notes Bloomberg; the online retailer also reportedly looked into buying some Toys "R" Us locations. ? Here’s what people are saying.

Credit Suisse is the latest Wall Street bank in trouble with U.S. authorities over Chinese hiring. The firm has been fined $77 million by the Justice Department and the SEC in a settlement over claims it hired the relatives of influential Chinese officials in order to curry favor and win business in the region. In 2016, authorities fined JPMorgan Chase $264 million over its hiring practices in China. ? Here’s what people are saying.

U.S. aerospace giant Boeing has agreed to a $4.75 billion joint venture with Brazilian company Embraer, best known for making 70- to 100-seat range regional aircraft. Under the terms of the deal, Boeing will own 80% of Embraer’s commercial airplane and services business; Embraer will keep the remaining 20%, with the right to force Boeing to buy it out over the next ten years. The deal will help Boeing compete against European rival Airbus, which is also moving into the smaller plane market. ? Here’s what people are saying.

Idea of the Day:  True wisdom is knowing when to ask for help, says Dr. Ha Tran, Nephrologist and Genentech clinical science lead.

“Call for help, call for a consult, ask for a second opinion, err on the side of caution. When you get to a certain level of and intellect and expertise, those seeds of doubt and uncertainty are the ones that need to be explored and understood, not suppressed or dismissed, no matter how inconvenient.”

What's your take on today’s stories? Share your thoughts in the comments.

— Carmel Melouney and Katie Carroll