News Briefs

The Wall Street Journal reports that President Trump says that he is prepared to levy tariffs on all $500 billion of goods imported from China. President Trump also reiterated that further U.S. tariffs will be determined by the severity of Chinese retaliation and that he actually wants China to do well. WSJ

Robin Wigglesworth of the Financial Times writes that trade tensions could cause U.S. firms to pull back on capital investments. Although faster global economic growth and cuts to U.S. corporate taxes have contributed to a recent acceleration in business investment, some analysts expect that an escalating trade war could slow investment growth to half its 2017 pace. FT