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.
As US-China friction escalates, the rhetoric in Washington has grown increasingly ugly and hostile. The Trump administration, concerned about intellectual property theft and other questionable behaviour on the part of Beijing, has embarked on a program of targeting students and professionals of Chinese descent.
President Donald Trump’s planned meeting with Chinese President Xi Jinping at the G-20 summit, June 28-29, has created optimism that a deal to restore normal commercial relations may be possible. However, without extensive changes in Chinese policy and law — and tough enforcement provisions — any deal will prove
China on Friday vowed to fight back against US President Donald Trump›s abrupt decision to slap 10% tariffs on the remaining $300 billion in Chinese imports, a move that ended a month-long trade truce.