Tokyo put new trade limits on Seoul and Korean shoppers are spurning Japanese goods, but the ties between the two U.S. allies may be hard to unwind. Source: NYT > Business – Su-Hyun Lee and Ben Dooley
Trump’s Trade War Washes Up on Australia’s Shore
Australia’s economy is not taking a direct hit from the trade wars, but its central bank is reacting — a sign of how interlinked the world has become. Source: NYT > Business – Jeanna Smialek
Arun Jaitley, Bold Indian Finance Minister, Is Dead at 66
Working alongside Prime Minister Narendra Modi, Mr. Jaitley oversaw major economic experiments and earned respect in a fractured political landscape. Source: NYT > Business – Kai Schultz
China Eases Rules on Cheap Drug Imports to Fight Chronic Diseases
The revised law would reduce penalties for buying generic pharmaceuticals from other countries without waiting for approval, though details are scant. Source: NYT > Business – Sui-Lee Wee
Trump Told U.S. Business to Leave China. This is Why They Can’t.
The country offers irresistible convenience and a huge domestic market. Still, slowly but surely, some companies are cutting ties. Source: NYT > Business – Keith Bradsher
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