Trade war has no winners, China's vice premier warns, as Trump threatens tariffs
Published On Jan 21, 2025, 5:49 AM
Chinese Vice Premier Ding Xuexiang stated during a speech at the World Economic Forum that there are 'no winners' in a trade war, amidst potential new tariffs threatened by Donald Trump’s administration. This comes as China's economy faces challenges like weak consumption and a real estate downturn, despite recent GDP growth of 5% after stimulus measures.
Stock Forecasts
SPY
Negative
The trade tensions could negatively impact businesses reliant on international trade and investors might see an increase in volatility as stakeholders react to tariff announcements.
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