Amid worsening trade tensions, an American businessman was barred for days from leaving, in an apparent message to President Trump. Others worry they may be next. Source: NYT > Business – Paul Mozur, Alexandra Stevenson and Edward Wong
France Moves Toward Digital Tax, Stoking Fight With White House
The French Senate voted to impose a tax on Facebook, Google and other American technology giants despite a blunt warning from the Trump administration. Source: NYT > Business – Liz Alderman
Want to Profit from a Trade War? There’s an Investment Fund for That
There are funds on the market that could help you profit from American trade tensions with countries like China. But short-term bets are inherently risky. Source: NYT > Business – Brian O’connor
U.S. Begins Inquiry Into French Digital Services Tax That May End in Tariffs
The investigation is the latest attempt by the Trump administration to shelter American companies, and technology companies particularly, by targeting trading partners. Source: NYT > Business – Ana Swanson
China and U.S. Differ Over Agricultural Purchases Trump Boasted About
The disparity over the large-scale purchases has raised questions about whether the United States offered up too much in order to de-escalate the trade war. Source: NYT > Business – Ana Swanson and Keith Bradsher
Fed Points to Coming Rate Cut in Its June Meeting Minutes
The statement is the latest indication that the Fed is likely to approve an interest-rate cut at its next meeting this month. Source: NYT > Business – Jeanna Smialek