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Trump imposed 25% tariffs last week on another $16 billion of Chinese goods and Beijing immediately retaliated.Washington has vowed to move forward with tariffs on another $200 billion of goods. China has said it would hit back but it’s running out of American imports to tax.The good news is that both sides are talking, leaving hope of a breakthrough. China’s Commerce Ministry said on Friday that talks held in Washington last week were “constructive and candid” and https://www.cagooseclearance.com both sides will stay in touch.”Trade wars are so mutually destructive,” said David Kelly, chief global strategist at JPMorgan Funds, “that political pressure should eventually result in deals.”Recession warning flashing yellowThe trade fight threatens to heat up inflation while simultaneously slowing growth, muddying the picture for the Federal Reserve.The US central bank is debating whether to hike interest rates twice more this year an outcome that could draw the ire of Trump, who has repeatedly attacked Fed chief Jerome Powell.
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