LONDON — The risk of an escalating trade war between China and the US is rising fast.
US President Donald Trump's trade adviser, Peter Navarro, has proposed a blanket 45% tariff on all Chinese-made goods.
And Goldman Sachs analysts Andrew Tilton and Alec Phillips say they see "little reason to
believe" that Trump will back down on imposing restrictions on Chinese imports such as steel and machinery.
Read more ....
Update: US & China on brink of trade war, warns Goldman Sachs (RT)
WNU Editor: Some in the White House believe that the U.S. would win in in such a trade war .... Trump would win trade war with China, says aide (BBC). The Chinese are issuing their own warnings .... China, United States cannot afford conflict: Chinese foreign minister (Reuters).
Read more ....
Update: US & China on brink of trade war, warns Goldman Sachs (RT)
WNU Editor: Some in the White House believe that the U.S. would win in in such a trade war .... Trump would win trade war with China, says aide (BBC). The Chinese are issuing their own warnings .... China, United States cannot afford conflict: Chinese foreign minister (Reuters).
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