Supported by DealBook Briefing: The Heat Is Rising in the U.S.-China Trade Fight Photo Soybeans in Fargo, N.D., a prospective Chinese tariff target Credit Dan Koeck/Reuters Good Wednesday morning. Investigators are looking into the motive behind the shooting at YouTube’s headquarters. What happens after Spotify’s direct listing? And Alexis Ohanian of Reddit speaks to Corner Office about online platforms, fatherhood and Metallica. Some links require subscriptions.
Next steps in the tariffs tit-for-tatBeijing moved quickly to escalate its fight with the U.S., responding to the White House’s latest move with $50 billion worth of tariffs on soybeans, cars, chemicals and more. U.S. market futures predictably dropped, as did other markets.
Both sides could suffer. Chinese companies are scrambling to react, especially as the U.S. looks to be taking aim at technology (like that central to Made in China 2025). And the squeeze could extend to American companies in unexpected industries, lik..