Wall Street stocks and major European indexes fell after Beijing said it would answer President Trump’s next round of tariffs on Chinese goods by increasing tariffs on American imports. Source: NYT > Business – The New York Times
China to Raise Tariffs on $75 Billion in U.S. Goods
Beijing’s plan to retaliate against President Trump’s tariffs suggests that neither side in the trade war is prepared to back down. Source: NYT > Business – Keith Bradsher
As Hong Kong Firms Fall in Line Over Protests, Some Workers Push Back
China is putting pressure on businesses to denounce the demonstrations. “They are trying to silence everyone,” an accountant said. Source: NYT > Business – Raymond Zhong, Katherine Li and Ezra Cheung
Alibaba Postpones Hong Kong Listing as Protests Roil Markets
The Chinese e-commerce giant delayed plans to sell potentially billions of dollars worth of shares in the market, which has fallen as tensions have worsened. Source: NYT > Business – Michael J. de la Merced and Alexandra Stevenson
The Big Business of Scavenging in Postindustrial America
The U.S. produces more garbage than any other nation in the world per capita. Here’s how scrappers are turning that waste into a $32 billion business. Source: NYT > Business – Jake Halpern
China’s Soft-Power Fail: Condemning Hong Kong’s Protests
Beijing wants greater sway over global public opinion. Instead, its propaganda outlets make Chinese leaders look like bullies. Source: NYT > Business – Li Yuan