Trump may have to rethink his tariffs:Business activity growth...

Trump may have to rethink his tariffs:

Business activity growth falters to three-year low

May PMI data revealed a further slowdown in U.S.private sector output growth in May, as a strugglingmanufacturing economy was accompanied by anotable downshift in gear in the service sector.

U.S. private sector firms meanwhile grew lessoptimistic of a rise in output over the coming 12months. Business expectations fell to their lowestsince the series began in July 2012. Reducedconfidence was commonly attributed to hesitationamong clients and increased uncertainty, whichwere both often linked to global trade tensions.

https://www.markiteconomics.com/Public/Home/PressRelease/c0a77762175240d989bf5090d001cff2