In short, the US-China trade war, the slowing global economy (now about to spill over to the US economy), the US budget deficit, and Fed interest rates are all inter-related. Trump policies are creating economic havoc on all these fronts.
An impressive growth rate of 7.5 percent, which is the fastest among all the. and the implementation of tariffs indicate a strong possibility of a full-blown trade war between these two countries.
Asian markets rallied earlier on renewed hopes for an end to the US-China trade war. Germany shrunk 0.1% in the second quarter , a sharp swing from first-quarter growth of 0.4%. The contraction reflected weakness in its auto industry, concerns about the UK’s departure from the EU, and the toll of the US-China trade war on its export-focused.
US-China trade war news, including US-China trade talks, tariffs and impact on the China economy.
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The trade news seem to have outweighed the domestic developments for now. The US economy added 164,000 jobs last month , in line with the Refinitiv consensus forecast. The unemployment rate was.
Micron, which has faced the heat of the ongoing US-China trade war in the last couple of months, has seen nearly a 30.3% YTD rise. The American wireless network giant T-Mobile (TMUS) surged 4.1%.
A US-China trade war raises economic uncertainty, threatens to drive prices up Log in or create an account A MarketBeat account allows you to set up a watchlist and receive notifications for stocks you are interested in. Follow up to five stocks for free.
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As if the US-China trade war wasn’t enough, US-Iran tensions have escalated lately, too. Tensions between the US and Iran heightened on Thursday, when Iran’s Revolutionary Guard shot down a US.
US-China trade war could drive prices up and growth down. WASHINGTON – The world’s two biggest economies fired the opening shots Friday in a trade war that could have wide-ranging consequences for consumers, workers, companies, investors and political leaders. The United States slapped a 25 percent tax on $34 billion worth of Chinese imports,
US-China trade war: who will blink first?. insist that negotiations have not broken down entirely, and Mr Trump has said he will meet Xi Jinping, the Chinese president, next month at the G20.