The slowdown could have a significant impact on growth in the US, where the services sector accounts for more than two-thirds of economic activity.
There are growing signs that tariffs between the US and China are beginning to hurt the services sector. The World Trade Organization said Monday that global trade in commercial services has fallen below its long-term average of 100. That could have a particularly significant impact on growth in the US, where the services sector accounts for more than two-thirds of economic activity. Visit the Markets Insider homepage for more stories.
There are growing signs that tariffs between the US and China are beginning to hurt the services sector. The World Trade Organization said Monday that global trade in commercial services has fallen below its long-term average of 100. That could have a particularly significant impact on growth in the US, where the services sector accounts for more than two-thirds of economic activity. Visit the Markets Insider homepage for more stories.
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