An interim U.S.-China trade deal that rolls back some tariffs has the potential ...
FILE PHOTO: The International Monetary Fund logo is seen outside the headquarters building in Washington, U.S.,September 4, 2018. REUTERS/Yuri Gripas/File Photo
WASHINGTON - An interim U.S.-China trade deal that rolls back some tariffs has the potential to improve the International Monetary Fund’s baseline economic forecasts, which show the two countries’ trade war slowing global growth significantly this year, an IMF spokesman said on Thursday. Gerry Rice, the IMF’s chief spokesman, told a regular news briefing that the fund welcomes any development that reduces trade tensions between the world’s two largest economies and rolls back tariffs, particularly if it’s part of a durable agreement.
“We see it has holding potential to improve our baseline forecast,” Rice said of an agreement to roll back tariffs. “But again we need to wait for the details.”Reporting by David Lawder; Editing by Chizu Nomiyama
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Broadway’s ‘Spring Awakening’ Is Ready For China, But Is China Ready For ‘Spring Awakening’?EXCLUSIVE Spring Awakening, the 2006 emotionally powerful, sexually frank and Tony-winning musical by Duncan Sheik and Steven Sater, has been staged around the world, and now for the first time is …
Read more »
U.S. company to be charged with fraud for selling surveillance equipment made in ChinaA company in Long Island, New York is facing charges for selling surveillance equipment to customers and the government that were marketed as being made in the U.S. but were actually manufactured in China. NBC News' Pete Williams has details.
Read more »
China says it has agreed with U.S. to cancel tariffs in phasesChina and the United States have agreed to cancel in phases the tariffs imposed ...
Read more »
With trade war as a backdrop, U.S. companies walk a line at China expoU.S. companies are walking a tightrope at the China International Import Expo in Shanghai, with the fate of a preliminary deal between China and the United States to defuse the trade war still up in the air by jruwitch horwitzjosh
Read more »