PRESS DIGEST- New York Times business news - June 4
June 4 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
- The trade conflict between the U.S. and China is reshaping global supply chains, with tech restrictions posing long-term risks to various sectors.
- U.S. steel and aluminum tariffs doubled on Wednesday as President Donald Trump escalated levies, aiming to boost domestic metal industries.
- The U.S. Federal Reserve lifted Wells Fargo’s WFC.N asset cap on Tuesday, ending a penalty imposed in 2018 for misconduct.
- Capital One COF.N is tightening access to its exclusive airport lounges, no longer allowing all premium credit cardholders to extend free entry to additional cardholders and guests.
- TikTok has suspended search results for the hashtag #SkinnyTok, after facing pressure from European regulators.
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