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China posts better-than-expected Q2 growth in face of Trump tariffs

Allan

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Trump's tariffs don't seem to having the desired effect. Canada, the EU and China are all seeing growth that is outpacing the US.

China reported better-than-expected economic growth for the second quarter in the face of an ongoing trade war with the United States, as diversification efforts to non-US markets buoyed exports.

Gross domestic product (GDP) expanded 5.2% in the second quarter from the same period a year earlier, according to the National Bureau of Statistics (NBS) at a press conference on Tuesday. That was higher than the average prediction of 5.1%, based on a poll of 40 economists surveyed by Reuters on Friday.

 
Amazingly, kneecapping yourself helps your competitors.

Not really. China, Canada, and the EU would all be doing even better if the US wasn't being such a scumnugget. It's just that we hurt ourselves a lot in order to hurt them a little.

Because we are fools.
 
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