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.
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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).
3 comments:
There goes my trip to Walmart
Trade war? Besides crappy generics and some micro chips all china makes is trinkets for dollar stores it's all crap, Bypass the trade war and let's get right to it...
I don't know much but I'm pretty sure if left unchecked the Japanese army could have wiped china out in world war 2 but because of the Americans they stopped Japan and saved china so why now this?
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