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New York Times Business News - August 7, 2018

These are the most popular stories from the New York Times' business pages. These stories have not been verified and we cannot vouch for the accuracy of these reports.

The new tariffs imposed by U.S. president Donald Trump on more than ninety countries went into effect at midnight Thursday. This accelerated a global economic war which is already affecting the U.S.

United Airlines has resumed its operations after a nationwide system failure that grounded all flights on Wednesday. The Federal Aviation Administration warned of possible delays while the airline recovers.

Trump increased the tariffs on Indian exports by 25%, bringing them to 50%. This was a punishment for India continuing to buy Russian oil.

Trump and Apple CEO Tim Cook announced a $100 billion investment in Apple's U.S. Advanced Manufacturing and Supply Chain, with the goal of increasing domestic sourcing and avoiding threatened iPhone tariffs.

(source: Reuters)