it must be leftist whiningHow much pain are you willing to take? China will take more
America's small businesses are starting to feel the heat from Trump's trade war, as new data on Tuesday revealed that business optimism hit a five-month low in August.
- Data from the NFIB, America's largest small business association, showed that Main Street businesses are feeling the heat from Donald Trump's trade war with China.
- Business optimism missed expectations, slipping 1.6 points to a five-month low of 103.1.
- "Fewer owners said they expect better business conditions and real sales volumes in the coming months," NFIB said.
- Uncertainty also grew in August, as Pantheon Macroeconomics said there had been a "downshift in business investment."
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Data from the National Federation of Independent Business (NFIB), a lobbying group, showed that business optimism among smaller businesses fell to 103.1 — a 1.6 point fall, signaling worries on Main Street.
Pantheon Macroeconomics said in an email that the main optimism figure was "dragged down by declines in expectations for the economy and business sales." Both measures fell significantly, by eight points and five points respectively, Pantheon said.
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