1 week Fears rise that US-China trade war leading to recession – economists MB |Biz
By Reuters Goldman Sachs Group Inc said on Sunday that fears of the US-China trade war leading to a recession are increasing and that Goldman no longer expects a trade deal between the world’s two largest economies before the 2020 US presidential election. (REUTERS/ MANILA BULLETIN) “We expect tariffs targeting the remaining $300bn of US imports from China to go into effect,” the bank said in a note sent to clients. US President Donald Trump announced on Aug. 1 that he would impose a 10% tariff on a final $300 billion worth of Chinese imports on Sept. 1, prompting China ... more