War of words points to escalation risk, but there are some hopeful signs
THOUGH CHINA runs a massive trade surplus with America, over the past year it has run a massive rhetoric deficit. During that period President Donald Trump has tweeted about China 133 times; Chinese leaders, by contrast, have mostly kept mum about the trade dispute with America. But in the past few days that has begun to change. A sudden barrage of commentaries about the trade war in state media has struck a note of defiant nationalism.
Those already in place will hurt. Many economists estimate that China’s growth this year could be dragged down by about half a percentage point, to 6%. In America consumers will start to see higher prices: inflation could rise by half a percentage point, according to economists at Société Générale, a French bank. If Mr Trump follows through on the threat to hit all Chinese imports with duties—and few doubt his love of tariffs—the damage could be far greater.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
America raises tariffs on China, and the stakes in a trade warLast week a deal seemed close. Now the fear is of full-blown commercial conflict
Baca lebih lajut »
Will China use its $1.2T of U.S. debt as firepower to fight the trade war?Uncertainties on how escalating tensions will unravel have hurt markets this week.
Baca lebih lajut »
Donald Trump’s trade war hots upAmerica ratchets up the pressure in its trade war with China
Baca lebih lajut »
Donald Trump’s trade war hots upAs the trade war intensifies, China tries to avoid a full-on fight
Baca lebih lajut »
How To Trade The China Trade WarRun? Emerging market specialists still bet on a deal. But overall, pessimism is starting to set in. How long that lasts depends on this week's trade talks in Washington.
Baca lebih lajut »
How To Trade The China Trade WarRun? Emerging market specialists still bet on a deal. But overall, pessimism is starting to set in. How long that lasts depends on this week's trade talks in Washington.
Baca lebih lajut »
What are the tangible effects of America’s trade war with China?As the markets tank over the U.S. trade war with China, Investopedia’s Caleb Silver joins Ali Velshi to explain how it will hit your wallet.
Baca lebih lajut »
China made 3 demands to end the trade war, only one of them is legitChina wants the US to bring its purchasing demands back down to reality, and it has a point there.
Baca lebih lajut »
Bitcoin emerges as a global hedge while stocks tumble in US-China trade warThe world's largest cryptocurrency is up 15% Monday as major U.S. markets churn.
Baca lebih lajut »