Trade wars, budget showdowns or anything else that scares people can spiral into a recession, the economist Austan Goolsbee says. It’s happened before. Source: NYT > Business – AUSTAN GOOLSBEE
Egypt Looks to Offshore Gas Field for Growth and Influence
A natural gas discovery could bolster the economy and revive the country’s regional clout. But Egyptians battling unemployment and inflation might gain little. Source: NYT > Business – CLIFFORD KRAUSS and DECLAN WALSH
Currency Provisions in U.S.-China Trade Pact May Not Be New
The currency rules as described by the governor of China’s central bank are practically identical to what Beijing promised in 2016. Source: NYT > Business – KEITH BRADSHER
China Suggests a Trade Compromise With the Trump Administration
An offer from a senior Chinese official could make a trade deal easier to achieve — but also more fragile. Source: NYT > Business – KEITH BRADSHER and ANA SWANSON
DealBook Briefing: Beijing Is Getting Trade Jitters
President Trump’s propensity for last-minute change is said to be spooking China‘s trade officials. Source: NYT > Business –
Chinese Officials Becoming Wary of a Quick Trade Deal
While the United States and China have made progress toward a compromise, Beijing is leery of holding a summit without concluding a deal first. Source: NYT > Business – KEITH BRADSHER and ANA SWANSON