The country offers irresistible convenience and a huge domestic market. Still, slowly but surely, some companies are cutting ties. Source: NYT > Business – Keith Bradsher
Trump Asserts He Can Force U.S. Companies to Leave China
The president cited a national security law from 1977 that has never before been used to cut economic ties with a trading partner. Source: NYT > Business – Peter Baker
One Crazy Day Showed How Political Chaos Threatens the World Economy
An escalating trade war and unpredictable policy shifts. Also, tweets. Source: NYT > Business – Neil Irwin
Stocks Dip After China Announces Retaliatory Tariffs on U.S. Goods
Wall Street stocks and major European indexes fell after Beijing said it would answer President Trump’s next round of tariffs on Chinese goods by increasing tariffs on American imports. Source: NYT > Business – The New York Times
China to Raise Tariffs on $75 Billion in U.S. Goods
Beijing’s plan to retaliate against President Trump’s tariffs suggests that neither side in the trade war is prepared to back down. Source: NYT > Business – Keith Bradsher
Fed Was Divided About Interest Rate Cut
Fed officials were split in their decision over whether to cut rates and by how much. Source: NYT > Business – Jeanna Smialek