9 sectors still growing: Textile Mills; Furniture; Food & Bev; Wood Products; Petroleum & Coal Products; Nonmetallic Mineral Products; Machinery; Miscellaneous Manufacturing; & Chemical Products.
People cite tariffs, Brexit, & supply chain key challenges esp for ELECTRONICS 👇🏻👇🏻 pic.twitter.com/oWGrwfv9n9
— Trinh (@Trinhnomics) September 4, 2019
This chart also tells u that this is a massive amount of imports affected by tariffs (A LOT OF CAPITAL GOODS) & so it will create a lot of friction to manufacturing activities esp in sectors like machinery & electronics.
Firms'll reshuffle & diversify but hard in the short-term. pic.twitter.com/Gafhg3cPB4
— Trinh (@Trinhnomics) September 4, 2019
Second thing chart shows u is that for China, unless the gov steps up to absorb costs of tariffs, the COSTS ARE DIRECTLY TO CONSUMERS as the biggest tariffed portions are essentials: FOOD & LIVE ANIMALS.
So food CPI in China rises on shortage of pork & also higher TARIFFS 👈🏻. pic.twitter.com/qBg3FXto0c
— Trinh (@Trinhnomics) September 4, 2019