Trade wars feed inflation, slow economy and depress business confidence, S&P finds - MarketWatch
1. S&P Global reported declining confidence among U.S. business leaders. 2. Service-sector index fell to 51.4, indicating low growth. 3. Manufacturers saw slight optimism, index rose to 50.7. 4. Rising tariffs are increasing consumer inflation and production costs. 5. Economists warn prolonged trade wars could slow U.S. growth.