A study by the European Central Bank says that tariffs on steel and aluminum have caused only modest economic damage, but have rattled business confidence. Source: NYT > Business – JACK EWING
Trump’s Washing Machine Tariffs Stung Consumers While Lifting Corporate Profits
New research shows how a move meant to aid domestic manufacturers instead padded profits and raised prices on a wide variety of laundry items. Source: NYT > Business – JIM TANKERSLEY
France and Belgium Refuse Support for New Trade Talks With the U.S.
The decision doesn’t mean a halt to the negotiations, but the rift is practically unheard-of in the bloc’s recent history. Source: NYT > Business – MILAN SCHREUER
Mnuchin Says China Trade Talks Are Nearing Final Round
The Treasury secretary said China would have the right to enforce United States commitments. Source: NYT > Business – ALAN RAPPEPORT
U.S. Readies Another $11 Billion in Tariffs on E.U.
The U.S. and Europe said they are preparing to impose tit-for-tat tariffs as part of a long dispute over aerospace subsidies. Source: NYT > Business – ANA SWANSON
Trump Poised to Announce China Summit Meeting as Trade Deal Nears Completion
The president is expected to announce plans for a summit meeting President Xi Jinping of China, though the two sides have not finalized a trade deal. Source: NYT > Business – ANA SWANSON