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President Donald Trump's "America First" trade policy left the United States in a fierce trade war with China and uncontrollable import tariffs with other trading partners, including the European Union. , Canada and Mexico.
Last week, Washington imposed tariffs on Chinese goods worth $ 200 billion, while Beijing reacted against duties on US goods worth $ 60 billion. The United States and China had already imposed tariffs on goods worth $ 50 billion.
Although the data suggests that tariffs have so far little impact on the economy, analysts warn that import duties could disrupt supply chains, reduce business investment and slow down the dynamism of the economy. The economy recorded annualized growth of 4.2% in the second quarter, nearly double the 2.2% increase recorded between January and March.
The ISM new orders sub-index rose from 65.1 in August to 61.8 last month. However, a measure of export orders rose last month. The measure of employment in the survey has risen to 58.8, the highest reading level since February, rising from 58.5 in August. US financial markets were little affected by the data.
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