Category: Economy Today

China and Russia hit back at Trump tariffs

China has hit back after US tariffs on Chinese goods came into effect and President Donald Trump threatened to impose more.   China’s commerce ministry said it had lodged a new complaint with the World Trade Organization (WTO).   Meanwhile, Russia has announced extra duties on US imports in retaliation for earlier US steel tariffs.   Beijing has accused the […]

How a trade war could turn into a recession

The risk of a global trade war is rising. That could sink the US economy into a recession, bringing an end to the second-longest expansion in American history. Although the economy is strong right now, businesses and investors are growing more worried about President Trump’s trade crackdown. Tensions are escalating, raising the chances that the trade spat will morph into […]