The Treasury secretary called on the Beijing to return to the bargaining table or face more tariffs. Source: NYT > Business – Alan Rappeport
China Summons Tech Giants to Warn Against Cooperating With Trump Ban
Chinese officials told the companies there would be dire consequences if they cut sales or pulled production from China, people familiar with the meetings said. Source: NYT > Business – Kate Conger
Putin and Xi Herald the Virtues of Globalism, Critiquing the U.S. on Trade
The presidents of Russia and China used an investment conference to critique what they saw as increased protectionism by the United States amid rising tensions. Source: NYT > Business – Andrew E. Kramer
Mexico Has Two Options in Dealing with Trump Demands on Migration. Both Could Hurt.
President Andrés Manuel López Obrador of Mexico can either give in United State’s demands or face stiff tariffs. Both could weaken his ratings at home and the Mexican economy. Source: NYT > Business – Azam Ahmed and Paulina Villegas
Employers Added 75,000 Jobs in May; Unemployment Rate Steady at 3.6%
The government report on Friday showed a sharp decline in the pace of hiring, adding to concern that the economy is slowing. Source: NYT > Business – Nelson D. Schwartz
May Jobs Report: What to Expect
Analysts are looking for healthy gains, but wild cards like census hiring and the trade wars make the data especially hard to predict. Source: NYT > Business – Nelson D. Schwartz