Trump slaps 100% tariff on China
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Some have questioned how long the restrictions will last, viewing them as potential posturing ahead of a trip to Asia Trump had planned
The World Bank predicts China's economy will grow by 4.8% this year. It had forecast 4% growth in April, when the U.S. briefly ramped up tariffs on Chinese imports to more than 100%. The bank projects China's GDP growth to ease to 4.2% in 2026, partly due to a slowdown in exports growth.
China's imports grew at their fastest pace this year in September, while exports extended strong gains as more trading partners lifted coronavirus restrictions in a further boost to the world's second-biggest economy.
SHANGHAI (AP) — The head of a U.S. congressional delegation visiting China said he backed renegotiating the rules governing the global economy to take into account China’s rise and that of others such as India and Brazil.
China's new rare-earth export restrictions are threatening to disrupt the global semiconductor supply chain amidst an escalating trade war with the US. Read more at straitstimes.com. Read more at straitstimes.
Asian factories continued to recover steadily in November thanks to a boom in economic powerhouse China, private surveys showed on Tuesday, offering hope the region was shaking off the drag from the COVID-19 crisis.