Economy
Trump flip flops on tax cuts, citing ‘strong economy’
But acknowledges his China trade policies may mean economic pain for Americans.
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Trump acknowledges China policies may mean US economic pain
Tariffs have been a drag on US manufacturers, financial markets and American consumers.
UK, EU harden their positions on Brexit as G7 approaches
Member states strongly urged not to give in to Johnson’s demand for changes to predecessor Theresa May’s agreement.
June manufacturing sales fell 1.2%: Statistics Canada
Could have been worse, economists on average had expected a drop of 1.7% for the month.
White House insists ‘fundamentals’ of US economy are strong
…but a new survey shows a majority of economists expect a downturn to hit by 2021 at the latest.
34% of economists in survey expect a US recession in 2021
They have previously expressed concern Trump’s tariffs, higher budget deficits could dampen the economy.
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Pre-election is pre-game for Canadian federal politics
It’s a good time to look for opportunities to shape the parties’ platforms based on what’s important to your business.
US-China trade war leaves Europe as collateral damage
Germany’ s economy is stalled or shrinking, signs years of declining unemployment may be ending.
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Canadian food supplies at risk if climate change not slowed: UN
Drastic changes needed to agricultural practices, human consumption habits and forestry management.
China imports from US fall 19% in July amid trade war
Exports to the US declined 6.5% to US$38.8 billion, China’s global trade surplus widened by 60% over a year ago to $45.1 billion.
China trade war escalation threatens US economy with recession
Uncertainty leads companies to postpone plans to invest, expand and hire, trends that can trigger a severe economic downturn.
Trump’s tariffs could blot out positive economic story
…and he might suffer politically if the tariffs hurt US farmers, manufacturers and consumers.
China stabilizes currency but tensions with US remain high
Promises “not to use exchange rates for competitive purposes.”
US small business slows as trade wars continue: economists
ADP and Institute for Supply Management report manufacturing activity and job growth have slowed.
EU open to Brexit talks but refuses to modify divorce deal
“Best possible deal” that Britain is going to get, says EU Commission spokeswoman.
