Saturday 15 December 2018
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theguardian - 26 days ago

Trade war fears grow as US and China clash – business live

Rolling coverage of the latest economic and financial news, as Mike Pence and Xi Jinping spar over trade policy againPence tells Asia-Pacific leaders: China takes advantage of us
Xi hits back: Confrontation is not the answer
8.28am GMT Analysts at ING are also concerned that Mike Pence and Xi Jinpeng failed to mend any fences, saying:The risk to global economies and markets from the Sino-US trade war is elevated after an impasse between two countries at the APEC summit 8.27am GMT The discord between America and China over trade loomed over last weekend’s APEC gathering in Papua New Guinea, says Royal Bank of Canada’s Sue Trinh:She writes:The Sino-US discord was palpable at the APEC Summit in PNG, so much so that the confab ended with members unable to agree on a communiqué, for the first time ever.Aside from this being further evidence of a growing anti-China alliance in the APAC region (watch out for Taiwan’s referendum this Saturday to remove “China” from the Olympic team name), the rhetoric is sharpening between the key players. Continue reading...

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