US manufacturing sinks into recession amid trade wars
Economists still expect the Federal Reserve to cut the benchmark lending rate this month amid signs of weakness in manufacturing (AFP Photo/Andrew CABALLERO-REYNOLDS)/ Washington (AFP) - US manufacturing sunk into recession in June after two consecutive quarters of declines amid President Donald Trump's bitter trade wars and a slowdown in China and other trading partners. The decline comes as the United States enters its 11th year of economic recovery and occurs despite Trump's constant pledges to restore America to manufacturing greatness ...
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