For months, trade war tensions with China have been on the rise. The Chinese government said Friday morning it would implement a $75 billion retaliatory tariffs on U.S. goods — a response to President Trump’s $300 billion tariff on Chinese goods. After the announcement, Trump said he would raise tariffs on Chinese goods by as […]
China Eases Rules on Cheap Drug Imports to Fight Chronic Diseases
The revised law would reduce penalties for buying generic pharmaceuticals from other countries without waiting for approval, though details are scant. Source: NYT > Business – Sui-Lee Wee
Trump Can Battle China or Expand the Economy. He Can’t Do Both.
The president says Americans must sever commercial dependence on China. He also says he wants powerful economic growth. The trade war threatens to force him to choose. Source: NYT > Business – Peter S. Goodman
Asian Stocks Drop as the U.S.-China Trade War Worsens
A weekend of threats between Washington and Beijing offered little sign that the economic conflict roiling markets will come to an end anytime soon. Source: NYT > Business – Alexandra Stevenson
Trump Told U.S. Business to Leave China. This is Why They Can’t.
The country offers irresistible convenience and a huge domestic market. Still, slowly but surely, some companies are cutting ties. Source: NYT > Business – Keith Bradsher
Trump Asserts He Can Force U.S. Companies to Leave China
The president cited a national security law from 1977 that has never before been used to cut economic ties with a trading partner. Source: NYT > Business – Peter Baker