Trump Heaps More Tariffs; China Retaliates

The video discusses the escalating trade tensions between the US and China, focusing on the imposition of tariffs by both countries. It highlights the economic impact on both nations, including increased costs for US households and businesses. The video also examines China's economic data, particularly the Purchasing Managers' Index (PMI), which indicates a slowdown in manufacturing. Despite some positive signs from small and medium enterprises, the need for further economic support from China's Central Bank and Finance Ministry is emphasized.

What was the sentiment of business lobby groups regarding the trade tensions, and what did they suggest?

What indicators were mentioned regarding the economic situation in China, particularly in relation to the PMI?