The strength of the US economy in the first quarter was presumably one of the factors that emboldened President Donald Trump to take a tougher line with China in the trade dispute. But the incoming data point to a sharp slowdown, which would leave Trump in a more vulnerable position at next month’s G20 leaders’ meeting. Call it scaremongering if you like, but many of the data releases this week had the unmistakable whiff of a recession.
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