Tag: Trade Deal

US Manufacturing Takes Its Hardest Hit Since 2009

New orders and employment tumbled in March at the quickest speed since 2009, signaling a tough road ahead for U.S. manufacturers. March’s Institute for Supply Management’s report on business declined to 49.1%, an indication of contraction for the U.S. economy. The index, based on a survey of U.S. manufacturing companies, […]

Photo by Andy Li on Unsplash

‘Phase 1’ of China trade deal causes fall in deficit

The U.S. international trade deficit fell by more than expected in January, due to the first phase of the trade deal signed by the President and China.  The trade deficit dropped 4.6% to $65.5 billion in January compared with $68.7 billion in December, according to the advanced U.S. international trade […]