Market news
07.05.2019, 07:29

China would still have room to ‘maneuver around’ increased US tariffs, expert says

U.S.-China trade talks hit a snag when President Donald Trump on Sunday threatened to raise tariffs on Chinese goods - just as an agreement had been said to be “possible” by this Friday.

However, according to the vice president of a Beijing-based think tank, there is still room for China to “maneuver around the headwinds created by the U.S. trade war” - including if the Trump institutes his threatened tariff increase.

“The trade war really has a negative impact on the Chinese economy - there is no denying of that,” Victor Gao of the Center for China and Globalization told.

“However, how much that impact is and whether China as a whole can come up with ways to overcome the impact, that’s another thing,” he added. “China is still enjoying 6% to 6.5% GDP growth, which is more than double the GDP growth of the United States.”

Still, Gao said, it will be in Beijing’s - and Washington’s - favor to strike a deal sooner rather than later.

The think tanker said both governments should “really calm down,” and he warned that bluffing was unlikely to reap dividends in the ongoing negotiations.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location