BASEL – No one should overestimate economists’ powers of understanding. Just as the magnitude of the global downturn that began in mid-2008 took most economists completely by surprise, so did the sclerotic nature of the recovery. Similarly, economic forecasts today appear to be nothing more than hopeful extrapolations of recent growth.
Trump
What China Can Gain from Trump’s Trade War – Gold Silver Reports
Gold Silver Reports (GSR) — The world’s two largest economies – China and the United States – are engaged in a full-blown trade war, and what US President Donald Trump hoped would be a blitzkrieg has turned out more like trench combat. Many fear that this is only the beginning of a long conflict that could include weapons – and casualties – far outside the realm of trade.
China Says Trump Forces its Hand, will Retaliate Against New U.S. Tariffs
The Chinese commerce ministry’s statement came hours after Trump said he was imposing 10 percent tariffs on about $200 billion worth of imports from China, and threatened duties on about $267 billion more if China retaliated against the U.S. action.
China: It Has No Choice But To Retaliate Against Latest US Tariffs
Hopes US Realizes Negative Consequences Of Its Actions China Does Not Offer Details On Possible Countermeasures Against US In Its Statement
Trump: Extra $267B China Tariffs Could be Ready on Short Notice
Trump: Another $267B China tariffs ready to go, added to $200B
President Trump hints to WSJ that Trade Fight with Japan Could be Next
✅ During a phone call with President Donald Trump, WSJ columnist James Freeman noted that the president sounded “still very focused on eliminating trade deficits with America’s trading partners.”
China Ready to Impose Retaliatory Tariffs on $60 Billion worth of US goods
The Trump administration may be about to slap tariffs of up to 25 percent on an additional $200 billion in Chinese goods, escalating a confrontation between the world’s two biggest economies and likely squeezing US companies that import everything from handbags to bicycle tires.