China faces possible hit to credit rating if the trade war isn't resolved

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 13%
  • Publisher: 72%

Should the trade impasse linger on, the damages could become greater and start having some deeper impacts.

United States Headlines News

United States Latest News, United States Headlines

An accompanying release said the impact of more central bank intervention could impact "the future of [China's] public debt ratio and China's rating."The firm has China rated "A," which is its third-highest classification. However, it recently changed the outlook to negative as the tariff issues pile up.

The U.S. this month hiked its tariffs to 25% from 10% on $200 billion of Chinese goods. China retaliated by raising its tariff rate from 10% to 20%-25% on $60 billion of U.S. imports. The U.S. is seeking a number of concessions, particularly focused on opening Chinese markets and halting the theft of intellectual property and forced technology transfers.has threatened to slap tariffs on another $300 billion in Chinese imports. The U.S. had a $419.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

They could care less. They will deflate/inflate their currency or print more money. Downgraded Credit rating won’t hurt them at all.

LiveSquawk Finish china

Good.

For Chinese, saving face is very important. They will literally commit sudoku before they cave to the white man.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

As Trump fights with China over trade, U.S.-China economic relationship already being redefinedThe trend of U.S. companies serving Chinese consumers with products made in China could pose a significant challenge to Trump’s “America First” agenda Whose side is WAshington Post on: America's or China's? it seems like China's. Boycott China. Even Chuck Shummer agrees. Paradise Lost - Trump
Source: washingtonpost - 🏆 15. / 72 Read more »

China cancels U.S. pork import order as U.S.-China trade war drags onThe same week U.S. President Donald Trump announced sweeping increases on tariff... I wonder if any Trump supporters are hog farmers? Whoo Hoo....MORE BACON FOR US!! I’ll buy some. ✔️. Bacon for all
Source: Reuters - 🏆 2. / 97 Read more »

The U.S.-China trade war just got a lot worse. And there’s no quick fix for relationsSenior U.S. and Chinese trade officials met over two days in Washington, but talks broke off Friday without signs that they were any closer to resolving their differences. Interesting news: As Pres Donald Trump reignites a trade war with China, he has found an ally in at least one key Democrat – Senate Minority Leader Chuck Schumer . . In a tweet, he urged the president to 'hang tough on China.' Can't imagine that the LAT's will report this. Won’t be much longer until Democrats are rallying behind China, they already hate America
Source: latimes - 🏆 11. / 82 Read more »

China trade talks end with no win for TrumpThe United States and China wrapped up another round of trade talks Friday with no resolution on when tariffs on hundreds of billions of dollars worth of goods would be removed BillionDollarLoser Trump rules! That’s because the time is now to take care of the China issue! He has bipartisan support on this!
Source: politico - 🏆 381. / 59 Read more »

Analysis | Debate over Hong Kong’s proposed extradition law devolves into a scuffle in the legislative councilAnalysis: Debate over Hong Kong’s proposed extradition law devolves into a scuffle in the legislative council Perspective: China promised autonomy for Hong Kong. Their word on trade is just as good.
Source: washingtonpost - 🏆 15. / 72 Read more »

China still 'cautiously optimistic' on U.S. trade talks despite new tariffsChina and the United States have agreed to hold more trade talks in Beijing, Vic... LOL! Couldn’t argue his way out of a voluntary questioning!..... Rosemary Gibson on America’s Dependence On China for Medicine
Source: Reuters - 🏆 2. / 97 Read more »

George Conway mocks Donald Trump's 'easy' suggestion for avoiding tariffs on China“Precisely the sort of economic wisdom you’d expect,' George Conway tweeted. Does Donald know how tariffs work? 😂😂😂 Criticizing Trumps trade ideas, but couldnyoffer a better alternative if his fat ass life depended on it. Trump must be afraid Kellyanne Conway would write a nasty book otherwise he'd dump her. BTW -George Conway IS the ugliest human on planet!
Source: Newsweek - 🏆 468. / 52 Read more »

'SNL' asks what it would take for GOP leaders to leave Trump'The best way to uphold the law is to be above it, Chuck,' Kate McKinnon's Lindsey Graham says on SNL's version of 'Meet the Press.' So NBC is now reporting on SNL skits. Think about that for a minute.
Source: NBCNews - 🏆 10. / 86 Read more »

China is ready for talks but will not yield to US pressure on tradeThere are no winners in a trade war, and China does not want to fight but is not afraid to do so, the ruling Communist Party’s People’s Daily said in a commentary due for publication on Monday.
Source: trtworld - 🏆 101. / 63 Read more »

Yen gains but yuan, Aussie dip as U.S.-China trade war escalatesThe safe-haven yen edged higher and the Chinese yuan and Australian dollar dippe... realDonaldTrump claimed: Only I can fix it all Then he eliminated TPP, which was setup to counter China & weakened America’s negotiating position He showered praise on our competitors, thought that would work LOL All that failed, now he makes excuses Something you’ll never see Donnie on.
Source: Reuters - 🏆 2. / 97 Read more »