Trump’s China Tariff U-Turn, Ray Dalio’s ‘Melt-Up’ Warning And More: This Week In Economy

Another week has come and gone, and it’s time to catch up on the latest economic news. Here’s a quick overview of what happened over the week, from Trump’s China tariff reversal to Ray Dalio’s market warning.
Trump’s China Tariff U-Turn
President Donald Trump‘s recent decisions regarding China have drawn criticism from Nobel Prize-winning economist Paul Krugman. Krugman suggested that Trump’s trade war with China is showing signs of weakness. The president has reduced tariffs on China and is considering allowing companies like NVIDIA Corp. (NASDAQ:NVDA) to resume selling advanced chips to China.