South China Morning Post (May 19)
“China’s economy mostly remained resilient in April, despite feeling the effects of the astronomical tariffs in place before last week, when Washington and Beijing agreed to remove or pause most of the duties imposed as part of their tempestuous trade war.” Though consumption softened, manufacturing fared better than expected. “China’s industrial output rose 6.1 per cent, beating estimates, while domestic consumption up 5.1 per cent–slightly below expectations.”
Tags: Agreed, April, Beijing, China, Consumption, Duties, Economy, Estimates, Industrial output, Manufacturing, Resilient, Tariffs, Trade war, Washington
Washington Post (May 19)
“Markets came under pressure Monday morning as investors dumped stocks, U.S. bonds and the dollar in early trading after the United States lost its triple-A bond rating, signaling new worries about the outlook for the world’s largest economy amid President Donald Trump’s trade war and heightened federal deficits.”
Tags: Bonds, Dollar, Dumped, Economy, Investors, Markets, Outlook, Pressure, Rating, Stocks, Trade war, Trading, Triple-A, Trump, U.S., Worries
