The French Senate voted to impose a tax on Facebook, Google and other American technology giants despite a blunt warning from the Trump administration. Source: NYT > Business – Liz Alderman
Trump Says Mexico Tariffs Worked, Emboldening Trade Fight With China
President Trump backed off his threat to impose tariffs on Mexico last week — but the encounter suggests more tariffs could be on the way Source: NYT > Business – Ana Swanson and Jeanna Smialek
Mnuchin Lays Blame for Failed Trade Talks on China
The Treasury secretary called on the Beijing to return to the bargaining table or face more tariffs. Source: NYT > Business – Alan Rappeport
Trade Wars Stoke Economic Fear as G-20 Finance Ministers Gather in Japan
Treasury Secretary Steven Mnuchin will meet China’s central bank governor in the first meeting of senior officials from the countries since trade talks broke down. Source: NYT > Business – Alan Rappeport
Treasury Official Hired to Fix Fannie and Freddie Is Leaving
Craig Phillips, a former Wall Street executive who joined the Treasury Department to try to reshape the country’s mortgage market, will depart next month. Source: NYT > Business – EMILY FLITTER
Stocks Sink as New Tariff Threat Hangs Over China Trade Talks
Stocks fell for a second day after the Trump administration repeated its pledge to raise tariffs on Chinese imports this week. Source: NYT > Business – MATT PHILLIPS