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The US just became the 5th major economy to see manufacturing slump — a sign of how hard Trump’s trade war is hitting global growth
The latest US data came two days after Trump's newest round of tariffs kicked in, and the trade war is showing no sign of abating.
Consumers, retailers, farmers, manufacturers, and tech firms are all getting clobbered by tariffs in Trump’s trade war
America's economy cooled more than expected last quarter — a sign of the toll the trade war is taking. Trump in a tweet blamed the companies themselves.
Dozens of US manufacturers have told the Trump administration that more China tariffs would hurt them
Many factories have warned that new tariffs on Chinese imports would add to challenges in a sector that has already slowed.
Weaker factory activity has increasingly hit states that could alter Trump's prospects for re-election in 2020.
Trump pledged to save US factories — but a key measure of manufacturing just contracted for the first time since 2009
Trump has long sworn he will revitalize the US manufacturing sector, but his escalating trade fights have presented challenges.
Fears of a German recession are rising after a key economic indicator recorded its second-lowest readout in 6 years
The German economy shrunk in the second quarter, and another decline this quarter would plunge it into recession.
"An improvement in the situation is not to be expected," the Ifo Institute researchers said.
"We warn against putting excessive weight on ups and downs in manufacturing data," Goldman analysts say.
Crocs and GoPro are among firms ‘aggressively’ fleeing China to make their products elsewhere to avoid Trump’s tariffs
Imports from China fell by 12% in the year ending in May, the biggest decline since the financial crisis.
Many clothing items, such as blue jeans, also carry a dye that can release cancer-causing chemicals.