Subscribe to our mailing list

Tariff dispute escalates as commerce warfare fears rise

WASHINGTON — The world’s two greatest economies stand on the fringe of essentially the most perilous commerce battle since World Conflict II. But there’s nonetheless time to tug again from the brink.

Monetary markets bounced up and down Wednesday over the brewing U.S.-China commerce warfare after Beijing and Washington proposed tariffs on $50 billion price of one another’s merchandise in a battle over the aggressive ways China employs to develop its high-tech industries.

“The dangers of escalation are clear,” Adam Slater, international economist at Oxford Economics, wrote in a analysis observe. “Threats to the U.S.-China relationship are essentially the most harmful for international progress.

Powered by WPeMatico

Author: Techno Info

VN:F [1.9.22_1171]
Rating: 0.0/10 (0 votes cast)
VN:F [1.9.22_1171]
Rating: 0 (from 0 votes)

Author Spotlight