In its recent economic and fiscal outlook, International Monetary Fund (IMF) warned that the two greatest potential dangers to global growth in 2019 were a no-deal Brexit and an escalation of trade war between the US and China. The first looks unlikely but the second has brought the whole world into a course of dilemma about the world economy.
WASHINGTON/BEIJING, Oct 30: U.S. President Donald Trump’s demand that Beijing commit to big purchases of American farm products has become a major sticking point in talks to end the Sino-U.S. trade war, according to several people briefed on the negotiations.
WASHINGTON, Oct 25: Top U.S. and Chinese trade officials will discuss plans on Friday for China to buy more U.S. farm products, but in return, Beijing will request cancellation of some planned and existing U.S. tariffs on Chinese imports, people briefed on the talks told Reuters.
SHANGHAI, April 17: China’s economic growth held steady in the latest quarter despite a tariff war with Washington, in a reassuring sign that Beijing’s efforts to reverse a slowdown might be gaining traction.