Beijing’s signals suggest it is ready to retaliate should the White House follow through on its new tariff threat, with potentially disruptive results. Source: NYT > Business – Alexandra Stevenson
China Signals It Will Continue to Weaken Its Currency as Trade War Rages
The country’s central bank guided the renminbi past another key point, suggesting Beijing could weaponize it if Trump imposes more tariffs. Source: NYT > Business – Alexandra Stevenson
U.S. Moves to Ban Huawei From Government Contracts
The prohibition was mandated by Congress as part of a broader defense bill signed into law last hear. Source: NYT > Business – Steve Lohr
3 Countries Cut Rates as World Braces for More Trade War Turbulence
Central banks in India, Thailand and New Zealand cut interest rates in what one analyst called “defensive action” amid fears of worsening U.S.-China tensions. Source: NYT > Business – Alexandra Stevenson
Trade War Worry Hits Stocks, as Central Banks Cut Rates
A rush to safer investments pushed government bond yields to lows not seen since 2016. Source: NYT > Business – Matt Phillips
A Weak Dollar Could Help the U.S. Getting One Isn’t So Easy.
President Trump has made no secret of his frustration that the United States dollar has strengthened against other currencies. Source: NYT > Business – Matt Phillips