Economics
Trump Trade War Arrives in the Data as China Awaits Tariffs
- Export gauge signals demand ebbing ahead of July 6 tariffs
- China weighing policy response for economy amid debt campaign
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Donald Trump’s assault on trade with China is moving from tweeted threats and abortive talks to the real-world.
Purchasing manager index readings for June released on Saturday showed a gauge of export orders tumbling into contraction, the clearest sign yet that the oncoming trade war is having a real, negative impact on growth. From this Friday, the world’s two largest economies are set to begin charging higher tariffs on each other’s goods, marking a major escalation of the conflict.