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Latest moves in trade conflict hit U.S. tech industry hard
U.S. technology companies are continuing to explore finding vendors outside of China, shifting their supply chain and logistics to avoid fresh tariffs set to take effect in September, and the collateral damage caused by the volatile U.S.-China trade war. … READ MORE >
RSM Brexit Stress Index: Factoring in dual recessions
The RSM Brexit Stress Index held relatively steady this week, maintaining high levels of stress as Germany’s manufacturing recession came front and center for the foreign exchange market.
The composite index, which measures economic stress surrounding Britain’s impending departure from the European Union, closed at 1.64 on Friday from 1.69 a week earlier and still significantly above normal levels. … READ MORE >
Retail sales stay hot, but for how long?
The July retail sales numbers released by the Commerce Department on Thursday continued to reinforce that the resilient consumer has kept the economy afloat amid trade tensions and an unstable economic environment outside of the United States. The question is, how long will it last? … READ MORE >
US data deluge: cold cup of coffee on a sunny summer day
This morning’s data deluge provided a perfect snapshot of the U.S. economy at the current time. A robust consumer, driven by strong real compensation in the first quarter of the year, continued to prop up the American economy, even as the domestic manufacturing sector contracted by 0.5% on a year-ago basis. … READ MORE >
Administration delays tariffs on some Chinese goods ahead of holidays
The Office of the U.S. Trade Representative on Tuesday issued a notice stating that an additional planned 10% tariff set to take effect on Sept. 1 on many imports from China will be delayed on some of those products until Dec. 15. The move was expected to provide relief to U.S. retailers and consumers ahead of the critical holiday selling season. … READ MORE >