Trading Partners: Trade Tensions

trading partners: Analysts have warned the trade fights could undermine the economy, which will celebrate 10 years of expansion next month, the longest on record. ; Adding a sting to the closely watched employment report, far fewer jobs were created in March and April than previously reported, indicating that hiring had shifted into a lower gear, according to The Japan Times. The labor market thus far has been largely resilient to the trade war with China. The broad cool-off in hiring reported by the Labor Department on Friday was before a recent escalation in trade tensions between the United States and two of its major trading partners, China and Mexico. Today's report makes a cut more likely, and supports our view that the trade tensions will ultimately slow growth enough for the Fed to respond in September and December with cuts, said Joseph Song, an economist at Bank of America Merrill Lynch in New York. It was the second time this year that job gains dropped below 100,000. Nonfarm payrolls increased by 75,000 jobs last month, the government said. (news.financializer.com). As reported in the news.