Economics
Factories From Asia to Europe Put on the Brakes Over Trade Tensions
- PMIs in U.S., euro area, Asian economies slipped in July
- Companies are detailing consequences of tit-for-tat tariffs
UBS Says Euro to Strengthen in Second Half on European Growth Pickup, July 31
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Manufacturers in the world’s biggest economies are putting the brakes on production as they watch trade disputes with the U.S. unfold.
Reports on Wednesday showed factory activity in the U.S., Europe and Asia Pacific region slowed last month. With companies issuing warnings about the impact of tit-for-tat battles over import tariffs on their profits, the data suggest that protectionist threats are starting to weigh on global growth.