Afternoon Coffee: U.S. May Relax China Tariffs to Spur Better Deal, WSJ Reports; Tariffs Put Pressure on U.S. Auto Suppliers

Businesswoman with phone, calendar and a coffee

The U.S. is debating whether to ease tariffs against China to encourage a better trade deal and ease stock market concerns that have rattled both nations’ economies, the Wall Street Journal reports in a story breaking Thursday afternoon. It states: “The idea of lifting some or all tariffs was proposed by Treasury Secretary Steven Mnuchin in a series of strategy meetings, according to people close to internal deliberations. They say the aim is to advance trade talks and win China’s support for longer-term reforms.”

Die-Hard Local Sourcer Now Looks Abroad

An auto supply manufacturer in Michigan says he’s always asked his procurement team to source locally, but with the U.S.-China trade war and the resulting tariffs on steel and aluminum driving up prices, he’s now switching from U.S. suppliers and having to source materials from Israel, Reuters reports in a story that talks to several U.S. auto suppliers.

CEO Sought for ‘Stealth Company’

Walmart has a technology job opening for a company that doesn’t exist, listing a position for a “CEO, Stealth Company,” Bloomberg News reports. The retail giant wants a tech leader to run a new company from Store No. 8, a reference to the founder’s location to try new things.

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