China, Trump and recession
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US, China agree to slash tariffs
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Economists believe the US will skirt a recession as lower tariffs than initially announced by the Trump administration are set to handicap consumer spending less than previously feared.
Trump’s Tariffs Trigger Turmoil In China As Country’s Economic Tailspin Intensifies Per New Data
China’s services sector is buckling under U.S. tariffs, with new data showing a dramatic slowdown in April — the latest
The de-escalation provides both sides with breathing space to find a way to preserve trading ties that were threatening to grind to a halt.
China's new bank loans tumbled more than expected in April as a protracted trade war with the United States further eroded the market's appetite during a typically slow month for loan demand.
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The work to get inflation under control and the Fed's rate-setting predicament are among the challenges ahead.
The relationship reset steers the U.S. economy back on a more familiar path as the major consumer of goods. It also lowers the risk of recession, economists say.
Fed Governor Adriana Kugler still thinks the economy is likely headed for lower growth and sticky inflation amid tariff volatility.