China's economy already is slowing amid the trade conflict with the United States, but if Washington were to ramp up tariffs even further it could ...
WASHINGTON: China's economy already is slowing amid the trade conflict with the United States, but if Washington were to ramp up tariffs even further it could cut Chinese growth sharply, the IMF warned on Friday .
That new tranche means that all products from China will be subject to duties starting Sep 1 in the intensifying trade war. While he declined to comment on the current status of the conflict, Daniel told reporters the fund's recommendations to China in the event conditions deteriorate is to provide more fiscal stimulus and allow its currency to move freely to"help absorb the tariff shock."
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