In a major speech, President Moon Jae-in urged Japan to stop using trade to address historical disputes and expressed hope that the two economies could cooperate. Source: NYT > Business – Choe Sang-Hun
Markets Are Shaken by New Signs of Global Economic Trouble
Shares on Wall Street fell sharply after reports showed a slowdown in China and a contraction in Germany, partly reflecting the U.S. trade war’s impact. Source: NYT > Business – Nelson D. Schwartz, Jack Ewing, Matt Phillips and Stephen Grocer
In Delaying Tariffs, Trump Faces Up to Economic Reality
President Trump insists China is paying the full cost of his tariffs. But his decision to push some of them off until December is an admission of their impact on American consumers. Source: NYT > Business – Jim Tankersley
Stocks Plunge as Bonds Signal Rising Concern About Growth
Yields on United States government bonds fell, indicating lower expectations for growth and extending a drop that began as the trade war intensified. Source: NYT > Business – Matt Phillips
In Delaying Tariffs, Trump Faces Up to Economic Reality
President Trump insists China is paying the full cost of his tariffs. But his decision to push some of them off until December is an admission of their impact on American consumers. Source: NYT > Business – Jim Tankersley
Global Economic Trouble Is Brewing, and the Trade War Is Only Part of It
A clear signal from the bond market that investors are pessimistic about the economy’s longer-term prospects. Source: NYT > Business – Neil Irwin