Revived trade negotiations between the U.S. and China are said to be stuck as officials debate how much Washington should ease up on the company. Source: NYT > Business –
Trump’s Policies, Not His Heckling, May Force Fed to Cut Rates
The central bank is independent, but as the president keeps global risks alive with his trade wars, interest rate cuts become all the more likely. Source: NYT > Business – Jeanna Smialek
DealBook Briefing: Tariffs Aren’t Offsetting the Trade War Pain
President Trump says his fight with Beijing is hurting China’s economy but generating billions for the U.S. That’s not entirely true. Source: NYT > Business –
Tariffs on China Don’t Cover the Costs of Trump’s Trade War
The president’s payments to farmers hurt by Chinese retaliation have so far exceeded the revenue from tariffs on imports on Chinese goods. Source: NYT > Business – Ana Swanson and Jim Tankersley
Japan, Taking a Page from Trump, Uses Trade Against South Korea
Tokyo moves to limit exports of chemicals to big chip makers like Samsung, citing vague national security concerns. Seoul says a political dispute is the real reason. Source: NYT > Business – Ben Dooley
China’s Economic Growth Slows as Trade War With U.S. Deepens
The economy expanded at its slowest pace in more than a quarter-century as exports and auto sales faltered and the financial system showed cracks. Source: NYT > Business – Keith Bradsher