GDP Dropped For China And U.S. Amid Trade War, While Consumer Spending Remained Solid
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As the old adage goes, “trade wars have no winners.”
STR/AFP via Getty Images
Topline: As the Sino-American trade war dragged on last year, it weighed on both the U.S. and Chinese economies (as noted in this CNBC analysis): GDP growth has slowed, manufacturing declined and trade volumes decreased, while the bright spots that remain…
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