IMF warned increasing US tariffs could cut China's growth sharply
International Monetary Fund, IMF, has warned that increasing United States tariffs could cut China's growth sharply.
China's economy is slowing already due to the trade conflict with the United States.
The IMF trimmed its growth forecast for China to 6.2 percent this year, assuming no new tariffs are imposed.
in the past week US announced a new round of punitive tariffs on Chinese goods, despite a truce agreed with China in May, and Beijing responded by halting all purchases of US agricultural goods.
IMF has called for a quick resolution to the trade conflict between these two countries as the impact would have significant negative spillovers globally.
International Monetary Fund, IMF, has warned that increasing United States tariffs could cut China's growth sharply.
China's economy is slowing already due to the trade conflict with the United States.
The IMF trimmed its growth forecast for China to 6.2 percent this year, assuming no new tariffs are imposed.
in the past week US announced a new round of punitive tariffs on Chinese goods, despite a truce agreed with China in May, and Beijing responded by halting all purchases of US agricultural goods.
IMF has called for a quick resolution to the trade conflict between these two countries as the impact would have significant negative spillovers globally.
