Another round of Trump tariffs could mean ‘economic shock waves’ for China


(Worthy News) – Key consumer tech products have so far mostly escaped the heat of the ongoing trade war. But if U.S. President Donald Trump makes good on his threat to impose tariffs on the full range of Chinese imports into his country, it could hit that sector hard, experts said.

Rajiv Biswas, Asia Pacific chief economist at IHS Markit, said that products such as mobile phones and smart watches and other wearable devices could be targeted in the next round, while ANZ Greater China Chief Economist Raymond Yeung pointed to mobile phones as well as other consumer goods.

“If the US Administration imposes a third tranche of tariff measures on a further USD267 billion of Chinese exports, this will significantly ramp up the economic shock waves to Chinese exporters,” Biswas told CNBC in an email. [ Source: CNBC (Read More…) ]

We're being CENSORED ... HELP get the WORD OUT! SHARE!!!

Latest Worthy News

USDA: 45m Acres Of American Land Owned By Foreign Entities
Israel, Hamas Edge Closer to Ceasefire Deal as Qatar-Led Gaza Reconstruction Takes Shape
Israel and EU Agree to Expand Humanitarian Aid to Gaza
FISA Court Approves DOJ Review of Carter Page Surveillance as Congress Presses for Crossfire Hurricane Records
Eight Christian Leaders Found in Mass Grave in Colombia
Federal Judge Blocks Trump’s Birthright Citizenship Order Amid Ongoing Legal Battle
Young Christians Acquitted Of Blasphemy After 2-Year Battle
Ukraine’s President Urges Marshall Plan After Massive Attacks; US Frustrated
EU’s Commission President Survives No-Confidence Motion
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News