Agriculture Secretary Sonny Perdue, a somewhat unlikely lieutenant in the president’s trade war, is tasked with fending off a revolt from the heart of the president’s base. Source: NYT > Business – Alan Rappeport
Trump Can Battle China or Expand the Economy. He Can’t Do Both.
The president says Americans must sever commercial dependence on China. He also says he wants powerful economic growth. The trade war threatens to force him to choose. Source: NYT > Business – Peter S. Goodman
Trump Asserts He Can Force U.S. Companies to Leave China
The president cited a national security law from 1977 that has never before been used to cut economic ties with a trading partner. Source: NYT > Business – Peter Baker
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
How the Recession of 2020 Could Happen
The freeze-up in business confidence, caused in part by the trade war, could wind up affecting consumer confidence. Source: NYT > Business – Neil Irwin
‘Weaponized’ Currency and Mining Limits: China’s Responses to Trump Take Shape
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