The United States has been at a trade war with the nation of China, and this has added furthermore trouble to the already slowing down economy in the time of the global economic slowdown. The government has been experiencing more and more difficult as the trade war gets longer and longer, and gas been now dragged for over 15 months, and now the severe effects are starting to kick in for both economies involved.
The United States seemed like it was doing all good for a time despite the trade war and global economic slowdown, but slowly the systems are crashing for the nation, and this has been a significant concern for the nation as there is nothing they can do to revive the growth unless China and global economic conditions change. Trade has remained a large part of the nation’s s economy, and with China being the biggest importer of the nation, its absence is now haunting the sectors. The production sector of the United Stata has been failing and now it has fallen by 0.3 percent in the third quarter giving the people involved in the economy a significant shock, as this shock could get worse and further deteriorate and cause significant harm to the economy it is better than the nation hurry up on the trade deals with China and get the situation better because that is the need of the hour.
Fall in production will cause a fall in consumption, which is a massive part of the economic growth, and this could have more severe consequences.
Tags : US production, US, Economy,