Widening fallout from the U.S.-China trade war and escalating tariff threats wil...
FUKUOKA - Widening fallout from the U.S.-China trade war and escalating tariff threats will test the resolve of Group of 20 finance leaders to show a united front this week, as investors worry if they can avert a global recession with dwindling policy ammunition.
But the broadening pain from the trade war will make it hard for G20 finance ministers and central bank heads to side-step the topic when they gather for a two-day meeting starting on Saturday in the southern Japan city of Fukuoka. “The communique is always fun to do, so I anticipate we’ll have some interesting conversations on trade, as well as other issues. And I expect we’ll likely get to a communique, but you never know,” the official told reporters earlier this week.
Trump said on Thursday he would meet President Xi Jinping at a G20 leaders’ summit late this month and decide afterwards whether to hit Beijing with more tariffs. The International Monetary Fund on Wednesday warned that current and threatened U.S.-China tariffs could cut global economic output by 0.5% in 2020.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
China finds new ways to pressure Trump amid trade impasseThe Chinese government is ramping up efforts to apply pressure on the United States beyond imposing punitive economic measures as trade negotiations between the two countries remain deadlocked.
Weiterlesen »
BlackRock says a US-China trade deal is likely this year — but markets won't be cheeringEven if the U.S. and China manage to resolve their conflict, investor sentiment will still be weighed down, says BlackRock's Isabelle Mateos y Lago.
Weiterlesen »
US trade deficit smaller in April, but gap with China grewU.S. trade deficit shrank in April—but the politically sensitive deficit with China moved higher.
Weiterlesen »
Mexico has benefited from the US-China trade war — but Trump could change thatU.S. President Donald Trump said last week he will impose a 5% tariff on all American imports from Mexico starting June 10 to address his immigration concerns.
Weiterlesen »
Under tariff threat, Mexico less attractive to companies avoiding China trade warA flood of companies eyeing Mexico as a safe haven from the U.S. trade war with ...
Weiterlesen »
U.S. employers add a weak 75,000 jobs; unemployment stays 3.6%U.S. hiring slowed in May, a sign that businesses may have become more cautious in the face of slowing global growth and widening trade conflicts
Weiterlesen »