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5 Sept 2019 (AFR) – ‘Undeniable’ cracks open in US economy as trade war slams factories

(5 September 2019, AFR, p15, Jacob Greber, United States Correspondent)

Annualised impact - value of goods x tariff rate... (Wells Fargo Securities, AFR)

Annualised impact – value of goods x tariff rate… (Wells Fargo Securities, AFR)

Washington | Damage from the worsening US-China trade war is beginning to weigh on the world’s biggest economy, with American manufacturing  joining a spreading contraction that has already hit 70 per cent of the world’s factories. Amid a dearth of signs Washington and Beijing are set to resume stalled talks, and days after the latest round of US tariff hikes hit exports from China, data showed US manufacturing shrank last month for the first time in three years.’

Read more at AFR.com (might need AFR login, or try: AFR.com/trial)

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