-
China’s Manufacturing Sector Keeps Getting Whacked by Trump
The outlook for China’s manufacturing sector deteriorated further in August, underlining the weakness in the domestic economy just as a new round of tariffs kicks in. The manufacturing purchasing managers’ index dropped to 49.5, according to data released by the National Bureau of Statistics on Saturday, with sub-gauges showing that domestic and new overseas orders contracted. On Sunday, higher U.S. tariffs on roughly $110 billion in Chinese imports took effect, as did Beijing’s retaliatory duties on U.S. goods coming the other way. U.S President Donald Trump’s tariff war continues to heap pressure on ... (full story)