Escalating U.S.-China trade spat to hit Canadian business confidence, wallop global economy

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 80%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

Canadian firms looking to sell in the U.S. will likely be swamped by the slowing of the U.S. economy and a decline in purchases by consumers

Canadian business confidence will take the hardest hit from the rapidly escalating U.S.-China trade war, as Beijing and Washington prepare to exchange tit for tat tariffs at levels not seen since the Great Depression.

U.S. tariffs on more than US$500 billion in goods combined with Chinese levies and restrictions on American imports and investment would hike the total value of the dispute to roughly US$900 billion — a level not seen in generations, said Gary Hufbauer, a senior fellow at the Peterson Institute for International Economics in Washington.

A further imposition of tariffs on all U.S.-China trade would cut U.S. GDP and global output by 0.5 per cent by 2020. The ripple effects on Canada are expected to be more subdued, with an estimated 0.1 per cent shaved off of economic growth over the next year as a result of Trump’s latest measures, said Brian DePratto, senior economist at TD Economics. The current dispute will take a far sharper toll on the country’s already faltering business confidence.

“But the probability is that will be swamped by the slowing of the economy of our major trading partner and a decline in purchases by consumers,” he said.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 10. in İT
 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Chinese businesses are most selfish. They don't care for others years of research & hardwork to produce a product but copycat and flood the market for their vested gains.

Good. Economies exist to serve people, not the other way around. China is the most brutal, thuggish regime in the world and the US is right to take China on.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Trade talks with China sour and U.S. companies with exposure get hitU.S. companies that do a lot of business in China are getting hit hard in early trading after U.S. President Donald Trump threatened more tariffs with trade talks between the world's two biggest economies faltering. At least Trump has some backbone not like our PM who sends Minister Freeland to complain! Trump met Winnie the Pooh?!?! I believe Xi has Dancin' Donnie's number ...
Fonte: CTVNews - 🏆 1. / 99 Leggi di più »