Situational awareness: The Dow Jones had a smooth day, opening positive and closing up 250 points.
China is launching a World Trade Organization challenge to President Trump's proposed tariffs, the FT's Shawn Donnan reports.
How it works, via MarketWatch: "The Chinese move triggers a 60-day waiting period before it can then request adjudication by a panel if the dispute isn't solved bilaterally."
The big picture: Leverage will play a major role in a potential U.S.-China trade war, the W.S.J.'s Greg Ip notes in a column posted today.
But, but, but... A former U.S. official told the FT:
“The one thing about trade wars is that the side that wins is the side that is most united. And no one is not going to be united on the Chinese side because you can’t be... The problem [with the Trump administration] is they are winging it rather than having a comprehensive thoughtful strategy and that’s really dangerous.”
We're growing vegetables indoors and without pesticides in Antarctica, the A.P. reports.