Trump's Trade War With China Drives Down US Business Investment
US business investment contracted more sharply than previously estimated in the second quarter.
Reuters reports corporate profit growth was also tepid.
The news casts a shadow on an economy that is being stalked by financial market fears of a recession.
The downturn in business spending has been blamed on the Trump administration’s nearly 15-month trade war with China.
The Commerce Department reported the soft investment and sluggish profit gains on Thursday.