Thursday, August 15, 2019

Economics: Who Is Gonna Win The Trade War?

 (Drivebycuriosity) - Do you wonder who is gonna win the trade war between the US and China? This week`s economic numbers give you an answer. Yesterday China reported that retail sales grew in July 7.6% year-over-year and industrial production advanced 4.8% (calendar). This morning we learned that the US retail sales rose 3.4%, less than half as fast than the Chinese, and that the American industrial production shrank 0.2% (industrial). It looks like that tariff mad man Trump is making America small again.

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