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Capitol Report: Business investment dries up after Trump tariff tiff with China, global woes, shutdown

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Business investment in the U.S. has largely dried up in the wake of the Trump White House’s tariff war with China and slower growth both home and abroad,

President Donald Trump helps giveth — and he helps taketh away.

Business investment soared in 2017 in anticipation of the biggest corporate tax cuts in 31 years, but companies have hit the brakes since the White House stepped up its attack on Chinese trade practices.

A closely followed gauge of capital spending measured over a one-year span rose to a five-year high of 13.3% in the fall of 2017, just several months before the Trump tax cuts took effect.

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