New Economy Forum
China's Trade Outlook Darkens as Trump Raises Stakes on Tariffs
- Former PBOC governor Zhou warns of market impact of trade war
- China’s trade surplus with the U.S. rose to a record
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China’s chances of escaping the trade conflict with the U.S. with only minor damage to its economy just got slimmer.
On Friday, U.S. President Donald Trump doubled down on his threats to impose higher tariffs on the nation’s goods, saying he’s ready to tax all imports "at short notice." While economists see the immediate impact of trade tension as limited, the effect on economic confidence may be larger, warned former People’s Bank of China Governor Zhou Xiaochuan.