Like it or not, Trump is winning the Trade War.
Even if his efforts have some occasional setbacks.
While China has yet to sign off on the Phase 1 truce, it’s clear that they’re feeling the pain.
Both imports and exports have fallen – more than expected.
Shipments fell by 3.2%. But only a 2.8% decline was predicted.
It was the biggest fall since February.
Imports also fel – 8.5%. Only 6.0% was expected.
This is a trend we’ve seen all year long, with on exception in April.
If China fails to sign off of the Phase 1 truce, global markets could take an even bigger hit.
Read more here.