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Goldman Sachs economists say fears rise that U.S.-China trade war leading to recession

August 12, 2019
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Goldman Sachs economists say fears rise that U.S.-China trade war leading to recession"We expect tariffs targeting the remaining $300bn of U.S. imports from China to go into effect," the bank said in a note sent to clients. U.S. President Donald Trump announced on Aug. 1 that he would impose a 10% tariff on a final $300 billion worth of Chinese imports on Sept. 1, prompting China to halt purchases of U.S. agricultural products. China denies that it has manipulated the yuan for competitive gain.




from Yahoo News - Latest News & Headlines https://yhoo.it/2H31JRH
via Yahoo News

12Aug2019

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