Sources said US Commerce Secretary Lutnick is not satisfied with the content of the US-Canada trade agreement currently under negotiation.

Tropical storm Gaenari (Typhoon No.20) formed in the northwest Pacific at 14:00 local time on Aug. 22, centered about 320 km NNE of Taipei (26.2°N, 124.5°E). Maximum winds near the center are 8 on the Beaufort scale (18 m/s) and central pressure is 998 hPa. Seven-level wind radii: NE 80 km, SE 100 km, SW 50 km, NW 50 km. The system is moving rapidly northwest at 35–40 km/h with little expected change in intensity.

US President Trump said economic growth will resolve the national debt.