U.S. Economic News
August 19, 2019
U.S. News
The Wall Street Journal reports that shipments of recreational vehicles — a reliable indicator for predicting recessions — have fallen about 20% so far this year after a 4.1% drop in 2018. While consumer demand for such luxury items tends to wane at the first sign of economic anxiety, many components of recreational vehicles are sensitive to tariffs imposed on Chinese goods. WSJ
Adam Samson reports for the Financial Times that the U.S. will grant licenses for companies to do business with Huawei for 90 days amid uncertainty over whether the telecom company would face a ban. The licenses will allow companies to export to Huawei if they are selling updates or repairs to existing products. FT