Trump's latest tariffs could drag China's growth to its lowest level in almost 30 years — but there's still 'no chance' it will cave to US demands

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

Trump's latest tariffs could drag China's growth to a 30-year low — but there's still 'no chance' it will agree to US demands

China has consistently grown by more than 6% for almost 30 years, but Trump's latest tariffs could break that trend. The duties could slow growth by up to 0.5 percentage points this year, according to a Bloomberg survey of 14 economists. Tariffs"pose some challenges to China's exports and economy," the country's foreign ministry has said. However, economists argue"there's no chance that President Xi will agree to US demands.

China has consistently grown by more than 6% for almost 30 years, but Trump's latest tariffs could break that trend. The duties could slow growth by up to 0.5 percentage points this year, according to a Bloomberg survey of 14 economists. Tariffs"pose some challenges to China's exports and economy," the country's foreign ministry has said. However, economists argue"there's no chance that President Xi will agree to US demands.

 

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

Good. Fuck China without any lube.

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:

 /  🏆 729. in US

United States Latest News, United States Headlines

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

Trump acknowledges China policies may mean US economic painPresident Donald Trump acknowledged his aggressive China trade policies may mean economic pain for Americans but insisted they&39;re needed for more important long-term benefits. Paraphrasing a reporter&39;s question, Trump said, "Your statement about, &39;Oh, will we fall into a recession for THUS FAR - TRILLION DOLLAR lost in stock market value in one day, plus that $1T tax break giveaway to the wealthiest and already prosperous businesses ... $11B loss from Tantrump shutdown, then $32B loss from farm tariffs. Now forecasters predict a TRUMPCESSION. NOT winning! look at Trump....see the expression on his face...thinking he passed a wet fart......
Source: YahooNews - 🏆 380. / 59 Read more »

China Threatens Sanctions Over U.S. Sale of Fighter Jets To TaiwanThe U.S. has approved the sale of 66 F-16 fighter jets to Taiwan, in a deal worth $8 billion dollars--a move which has rattled Beijing. Maybe we should threaten sanctions over China’s ongoing aggression and building military bases in the South China Sea ...
Source: Forbes - 🏆 394. / 53 Read more »

Pompeo tells Trudeau U.S. focused on release of two Canadians in ChinaU.S. Secretary of State Mike Pompeo on Thursday assured Canadian Prime Minister ... Leaf power👊 Trudeau just doesn’t know what to do. JustinTrudeau be sure to wash your hands after touching this slime ball. Don't you know where his brown nose has been?
Source: Reuters - 🏆 2. / 97 Read more »

U.S. official says China far short of soybean purchase pledge after small saleChina has purchased about only half the U.S. soybeans it pledged to buy earlier ... Big mistake China. Soy will make a big come back. I think China may have trumped the farmers. I have no sympathy for the US regarding this. They are reaping the rewards of electing the 'stabel jenius' and his rage-Tweet fueled deal making skills.
Source: Reuters - 🏆 2. / 97 Read more »

U.S. says China is blocking trillions in oil and gas, will send Navy for Asia drillsThe U.S. is weighing in on Vietnam's side amid a standoff in the South China Sea, where Washington says Beijing is blocking access to '$2.5 trillion in unexploited hydrocarbon resources.' If they are blocking it, what's it to the US? Why do they have to police the world!!! Leave the world alone half the shit going on around the world is because of the US if they just stop there would actually be peace in the world!!! Another propaganda!
Source: Newsweek - 🏆 468. / 52 Read more »