- The proposed U.S. tariffs on an additional $200 billion in Chinese goods, if implemented, could harm the world's second-largest economy, said Piyush Gupta, CEO of Singapore’s DBS Bank.
- That’s because the targeted Chinese goods include a greater number of finished products, which can be replaced by similar ones from other sources, he said.
OTHER NEWS
https://www.scmp.com/news/china/diplomacy/article/3033501/china-poised-not-rushing-follow-russia-plan-middle-east
With no debate, the Senate unanimously passed a bill that would cut or eliminate tariffs on toasters, chemicals and roughly 1,660 other items made outside the United States. Nearly half of those items are produced in China, according to a Reuters analysis of government records. The United States and China, the world’s two largest economies, […]
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