United States slapping 25% tariffs on a raft of Chinese products – Saving Barbados from drowning in debt
Over nearly 10 years, the world economy has been growing by a moderate but steady clip. In 2019 though, risks such as Brexit, trade wars and higher interest rates could spell the end to an unprecedented economic boom.
Global trade spats, rising interest rates and Brexit uncertainty have helped most stock indices to their worst year in a decade. Recession fears for 2019 could mean more significant drops, especially for tech stocks.
Speaking on the 40th anniversary of China's economic reforms, Xi made it clear that Beijing won't take orders from other countries. Though he vowed to further open up China, he offered no new specific measures to do so.
All eyes will be on Donald Trump and Xi Jinping as they meet for trade talks in Argentina. With tougher tariffs on the horizon, China hopes to cinch a deal soon — but Trump has made it clear negotiations won't be easy.
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