BEIJING China’s economy started to feel the effects of tariff uncertainties last month as trade tensions with the US escalated. The country’s retail sales rose 6.4% and industrial output 5.8% year-on-year in May, while fixed asset investments climbed 3.7% in the last five months on an annual basis, according to the National Bureau of Statistics (NBS). Industrial production rose 5.9% in January and February, 7.7% in March and 6.1% in April. Retail sales increased 6.4% in May after a 5.1% rise in