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Trade War

Economic Report: U.S. manufacturers slow to a crawl as coronavirus bottlenecks emerge, ISM shows Trade War

Economic Report: U.S. manufacturers slow to a crawl as coronavirus bottlenecks emerge, ISM shows

The numbers: Most U.S. manufacturers said business began to slow to a crawl in February as supply bottlenecks tied to the coronavirus impaired their ability to get parts, a survey of executives found. The Institute for Supply Management said its manufacturing index dipped to 50.1% last month from 50.9%. Economists…
bubmag
March 2, 2020
China’s Services Sector Shrank at Record Pace, but Analysts See Rebound in March Trade War

China’s Services Sector Shrank at Record Pace, but Analysts See Rebound in March

China’s services sector activity shrank at a record pace in February, official data showed on Saturday. The official non-manufacturing PMI fell to 29.6, from 54.1 in January, the National Bureau of Statistics said. The 50-point mark separates growth from contraction on a monthly basis. Analysts were looking for a reading…
bubmag
February 29, 2020
Why the coronavirus outbreak raises the risk of a German recession this year Trade War

Why the coronavirus outbreak raises the risk of a German recession this year

Germany is in danger of being hit by a major economic crisis at the worst possible political moment. The supply shock caused by closed towns and factories in China, and gradually elsewhere, will hit the export-oriented industrial machine. And a divided and disoriented government seems incapable of taking the decisions…
bubmag
February 28, 2020
Don’t Forget About the Trade War Trade War

Don’t Forget About the Trade War

Before coronavirus and impeachment, the Sino-American trade war stubbornly remained on the mainstream news circuit while largely governing the direction of financial markets. With each rumor of concession or tweet of condemnation, stocks gyrated and bonds jittered. Each round of negotiation was matched by salvos of tariffs, export controls, lawsuits,…
bubmag
February 27, 2020