All the day’s economic and financial news, as Germany’s manufacturers suffer a big drop in new orders, and China blasts Donald Trump
- Latest: Chinese media accuse Trump of extortion
- Introduction: German factory orders slump 4%
- It’s the biggest drop in almost 18 months
- Economy ministry blames trade tensions
- Experts: Horrendous data
Back in the UK, car sales have crept up in July, despite a drop in demand for diesel cars again.
“Manufacturers have been racing to clear stock before new regulations on fuel economy and emissions take effect in September, resulting in some great opportunities for consumers.”
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Reuters reports that the Chinese media turned up the heat on Donald Trump over his trade policies:
The overseas edition of the ruling Communist Party’s People’s Daily newspaper singled out U.S. President Donald Trump in an editorial on Monday, saying he was starring in his own “street fighter-style deceitful drama of extortion and intimidation”.