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
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
U.S. Punishes Chinese Company Over Iranian Oil
For the first time, the United States is imposing economic penalties on a Chinese company for importing Iranian oil, a decision certain to add to tensions between Washington and Beijing. Source: NYT > Business – Edward Wong
Bond Returns Have Been Spectacular. Don’t Count on a Sequel.
A large and largely unexpected decline in bond interest rates requires downshifting expectations for the future. Source: NYT > Business – Carla Fried
Russia Sanctions Froze His Fortune. Can the 4th Amendment Unlock It?
A Manhattan investor and Trump donor with business ties to the heirs of Prince can’t get access to his money. A lawsuit says it amounts to an unreasonable seizure of property. Source: NYT > Business – Ben Protess and William K. Rashbaum
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