Home News US-China trade war

China-US set to talk with global economy facing trade crucible

Bloomberg
Bloomberg10/10/2019 10:56 AM GMT+08  • 4 min read
China-US set to talk with global economy facing trade crucible
BEIJING (Oct 10): Chinese and American negotiators are set to start meeting again in Washington on Thursday in the latest round of their so-far fruitless talks to strike a trade deal. If no agreement is reached, the already slowing global economy will fac
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

BEIJING (Oct 10): Chinese and American negotiators are set to start meeting again in Washington on Thursday in the latest round of their so-far fruitless talks to strike a trade deal. If no agreement is reached, the already slowing global economy will face another hurdle, with the US set to raise tariffs on China on Oct 15 and then on the European Union on Oct 18.

Both China and the US have scheduled further tariff increases for December, and Europe is considering retaliation against any US action. With close to US$2 trillion ($2.76 trillion) in global trade flows at risk from greater protectionism, according to a Bloomberg analysis, those protectionist actions would depress trade, make businesses more cautious and further damage global demand.

Investors are underlining what’s at stake: US stock futures slid after a report in the South China Morning Post suggested Chinese negotiators led by Liu He could cut short their stay -- a report refuted by the White House.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now