Tension between the world’s largest economies ratcheted higher, adding to concerns about the global economy. Source: NYT > Business – The New York Times
China’s Currency Weakens in a Potential Challenge to Trump
The renminbi fell past the key point of 7 to the U.S. dollar, in a signal that Beijing may be willing to use devaluation as a trade war weapon. Source: NYT > Business – Alexandra Stevenson
Spiraling Trade Tensions Threaten Economy as Trump Pressures China
The S&P 500 recorded its worst week this year as investors were rattled by renewed trade tensions that threatened to undermine the global economy. Source: NYT > Business – Ana Swanson
Trump Says U.S. Will Hit China With More Tariffs
The additional 10 percent tariff on about $300 billion worth of goods means the United States will tax essentially all imports from China. Source: NYT > Business – Alan Rappeport
Trump Says U.S. Will Hit China With More Tariffs
The additional 10 percent tariff on about $300 billion worth of goods means the United States will tax essentially all imports from China. Source: NYT > Business – Alan Rappeport
Chinese Billionaire Indicted in $1.8 Billion Tariff Fraud Scheme
Prosecutors say a company, China Zhongwang Holdings Limited, designed a plan to avoid paying aluminum tariffs and defraud investors. Liu Zhongtian, its former chairman, was also charged. Source: NYT > Business – Karen Zraick