Mexico has gained ground on China, the US’ biggest supplier, during the trade war. Photo: AP

US imports from China slump, while Mexico benefits from trade war

  • Imports from China to the United Stated dropped 12.5 per cent for the first eight months of the year, while imports from Mexico rose 5.5 per cent
  • Despite it being a big winner in the trade war, Vietnam’s exports are expected to slow this year
Topic |   China economy

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Mexico has gained ground on China, the US’ biggest supplier, during the trade war. Photo: AP
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The Institute for Supply Management’s (ISM) purchasing managers’ index (PMI) for US manufacturing sank to 47.8 in September, the lowest since June 2009, marking the second straight month of contraction. Photo: AFP

US-China trade war could slow global manufacturing activity into start of 2020, economists warn

  • China’s manufacturing activity contracted for a fifth straight month in September, while Germany and the United States dropped to their lowest levels since June 2009
  • World Trade Organisation also slashed its global trade growth forecast for 2019 to 1.2 per cent, more than half of its projection of 2.6 per cent earlier in April
Topic |   China economy

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The Institute for Supply Management’s (ISM) purchasing managers’ index (PMI) for US manufacturing sank to 47.8 in September, the lowest since June 2009, marking the second straight month of contraction. Photo: AFP
READ FULL ARTICLE