Goldman Sachs economists say fears rise that U.S.-China trade war leading to recession

Goldman Sachs economists say fears rise that U.S.-China trade war leading to recession"We expect tariffs targeting the remaining $300bn of U.S. imports from China to go into effect," the bank said in a note sent to clients. U.S. President Donald Trump announced on Aug. 1 that he would impose a 10% tariff on a final $300 billion worth of Chinese imports on Sept. 1, prompting China to halt purchases of U.S. agricultural products. China denies that it has manipulated the yuan for competitive gain.




from Yahoo News - Latest News & Headlines https://ift.tt/2YHI9Fh
via Latest News

Comments

Post a Comment

Popular posts from this blog

Apple is taking up to $150 off the Beats Studio Pro and Studio Buds Plus - The Verge

Apple is taking up to $150 off the Beats Studio Pro and Studio Buds Plus    The Verge Amazon is having a major sale on Beats Studio Pro wireless headphones with $150 off    NJ.com Beats Headphones and Earbuds See Up to 43% in Savings at Apple and Amazon    CNET Apple Launches Big Discounts on Beats Earphones    MacRumors Apple launches Beats spring sale on latest Studio Pro headphones at $200 and Studio Buds+ at $130    9to5Toys from Technology - Latest - Google News https://ift.tt/3NZjEGc via Technology
Read more