Australia’s economy is not taking a direct hit from the trade wars, but its central bank is reacting — a sign of how interlinked the world has become. Source: NYT > Business – Jeanna Smialek
Chinese Currency’s Drop Isn’t Entirely in Beijing’s Control
There’s evidence that the government has been trying to prop up the renminbi, not weaken it drastically. Source: NYT > Business – Matt Phillips
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
Business Groups Warn of Consequences as Trump’s Trade War Spirals
After the latest escalation, a wide array of business leaders raised the alarm on the likely costs for workers and consumers. Source: NYT > Business – Nathaniel Popper
Stocks Dip After China Announces Retaliatory Tariffs on U.S. Goods
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