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WASHINGTON (Reuters) - Neither the United States nor China would win a trade war, the Chinese Embassy in Washington said on Monday, after U.S. President-elect Donald Trump threatened to slap an ...
GENEVA (Reuters) - The World Trade Organization chief said on Thursday that any tit-for-tat trade wars would have catastrophic consequences for global growth in a debate where U.S. President ...
WASHINGTON (Reuters) -Donald Trump will issue a broad trade memo on Monday that stops short of immediately imposing new tariffs on his first day in office but directs federal agencies to evaluate ...
"No other economies in the world are as integrated as we are," she said, noting that the trade volumes between the U.S. and Europe account for 30% of all trade globally, reported Reuters.
Domestic reporting on the trade war is censored in China. While news outlets are permitted to report on the conflict, their coverage is subject to restrictions; the South China Morning Post said that employees for Chinese media were told not to "over-report" the trade war [335] while an article in The New York Times said that state news outlets ...
LONDON (Reuters) - Bankers at JPMorgan worked through the night in a "war room" to try and assess the early impact of U.S. President Donald Trump's administration on global trade, regulation and ...
However, the steps toward imposing the tariffs led to increased concerns of a global trade war. [126] The Dow Jones Industrial Average fell 724 points, or 2.9%, after the tariffs were announced due to concerns over a trade war. [128] Corporations that traded with China, such as Caterpillar Inc. and Boeing, suffered large losses in their stock ...
Trade war arises only if the competitive protection between states is of the same type and it is not valid in case of dumping exports (Perju, 2009). Increased protection causes both nations' output compositions to move towards their autarky position. [2] Minor trade disagreements are often called trade disputes when the war metaphor is hyperbolic.