Samsung already assembles half of its handsets in the country, which got a big lift from U.S. tariffs on Chinese goods. Now Apple is homing in. Source: NYT > Business – Raymond Zhong
U.S. and China Resume Trade Negotiations With Slim Hopes for a Deal
American officials are playing down the likelihood of an agreement emerging as they restarts talks with their Chinese counterparts in Shanghai this week. Source: NYT > Business – Ana Swanson and Keith Bradsher
DealBook Briefing: Don’t Bet on the Trade War Ending Quickly
Officials from the two countries are meeting this week to continue working on a truce. But neither side seems eager for a speedy resolution. Source: NYT > Business –
Trump Escalates Feud With Apple and Threatens Tariffs on France
The president said his administration would not grant Apple’s request for relief from tariffs on computer parts made in China and suggested he could soon tax French wine. Source: NYT > Business – Jim Tankersley, Jack Nicas and Ana Swanson
U.S. Economy Grew at 2.1% Rate in 2nd Quarter, G.D.P. Report Says
The data indicates overall growth has slowed since last year, but consumer spending was strong. Source: NYT > Business – Ben Casselman
What to Watch For in Friday’s G.D.P. Report
The initial reading of second-quarter growth will probably look weak, but underlying measures of the economy should be stronger. Source: NYT > Business – Ben Casselman