U.S. Economic News

June 19, 2019

U.S. News

According to the Financial Times, President Trump has announced he will meet with China’s president Xi Jinping at this month’s G-20 summit to resume U.S.-China trade discussions. Despite market hopes that the meeting will culminate in an agreement to resolve rising trade tensions, President Trump indicated that the U.S. would walk away from negotiations if they are deemed unfair. FT

The Wall Street Journal reports that the boom in employee bonuses resulting from the 2017 tax cuts has faded, according to data released by the Labor Department. Smaller bonuses at the beginning of this year are consistent with data that suggest some benefits of the tax law were short-lived; another possibility is that employees are negotiating for pay raises rather than one-time bonuses in the current tight labor market. WSJ