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China’s economy beats forecasts amid Trump trade war
News.com.au -
16/04
China says its economy topped forecasts in the first quarter, as exporters rushed to shift goods ahead of swingeing US tariffs, but warned it faced “certain pressures” from Donald Trump’s trade blitz.
China says its economy topped forecasts in the first quarter, as exporters rushed to shift goods ahead of swingeing US tariffs, but warned it faced “certain pressures” from Donald Trump’s trade blitz.
Beijing and Washington are locked in a fast-moving, high-stakes game of brinkmanship since the US president launched a global tariff assault that has particularly targeted Chinese imports.
Tit-for-tat exchanges have seen US levies imposed on China rise to 145 per cent, and Beijing setting a retaliatory 125 per cent toll on imports from America.
Official data on Wednesday offered a first glimpse into how those trade war fears are affecting the Asian giant’s ... [Short citation of 8% of the original article]
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