US President Donald Trump claims that consumers in the US will not be affected by higher US tariffs on Chinese products. DW talks to the president of the German Institute of Global and Area Studies, Amrita Narlikar.
A fresh round of US President Donald Trump's punitive tariffs on China has begun to bite. It adds another $200 billion in imports to the escalating trade conflict, with Beijing also imposing more retaliatory duties.
Unfazed by an escalating trade conflict between the US and China, German companies were able to log strong export figures for August. But there are no guarantees it will remain so rosy for the rest of the year.
Rising debt, US interest rate hikes, but above all simmering trade conflicts will take their toll on Asia's growth prospects next year, the Asian Development Bank (ADB) has said in an update of its regional outlook.
The latest US salvo against China has escalated the threat of a trade war between the world's two largest economies. China has responded by announcing countermeasures affecting up to $60 billion worth of US exports.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version