Panasonic announced that it will establish a new company to operate its security systems business in Japan and overseas, and that it has reached an agreement for strategic co-investment with Polaris Capital Group. 

At the direction of President Trump, the Office of the U.S. Trade Representative (USTR) announced an increase on the rate of additional duty imposed since September 2018 on approximately $200 billion in goods imported from China, from the current 10 percent to 25 percent.