Rolling coverage of the latest economic and financial news, including reaction to the latest Chinese GDP reportLatest: Trump says trade war is hurting ChinaEarlier:Alan Turing to feature on new £50Introduction: China’s growth rate drops to 6.2%Lowest levels since records began in 1992But industrial production and retail sales have strengthened 2.34pm BST Boom! America’s stock market has hit a new all-time high at the start of trading in New York.The S&P 500 index and the Dow Jones industrial average have both touched fresh records, adding to last week’s gains. 2.12pm BST Here’s Reuters take on those Trump trade war tweets:U.S. President Donald Trump on Monday pointed to slowing economic growth in China amid restarted trade talks, saying U.S. tariffs were having “a major effect” and warning that “possibly much more” were to come.Growth data released earlier on Monday showed the world’s second-largest economy had slowed to 6.2% in the second quarter, its weakest pace in at least 27 years amid ongoing trade pressure from the United States. Continue reading…
Via: Trump claims trade war is working as China's growth hits 27-year low – business live
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PIERS MORGAN: A phone call I received from a fired-up Trump should be a warning to Democrats
President Trump called me for a chat on Saturday. It was our first conversation since he unfollowed me on Twitter in April after I wrote a Mail column telling him to ‘Shut the f*ck up Read more…