Tit-for-Tat Tariffs: Trade Disputes and Interest Rates

tit-for-tat tariffs: The world's two largest economies have now slapped tit-for-tat tariffs on a combined US100 billion A137 billion of products since early July, with more in the pipeline, adding to risks to global economic growth, according to Nine News Australia. The impact of trade disputes on businesses and households was examined by US central bankers, who also discussed raising interest rates soon to counter excessive economic strength, minutes of the Federal Reserve's last policy meeting showed on Wednesday. To improve your experience update it here News World Futures flat as US-China tariffs kick in10 07pm Aug 23, 2018Facebook Tweet MailUS stock index futures are little changed as the United States and China slapped 25 per cent tariffs on US16 billion A22 billion worth of each other's goods, despite ongoing trade talks. With a rate hike widely expected in September, the benchmark S&P 500 index ended the day little changed as it marked its longest bull-market run. Powell's speech on Friday, his first as Fed chairman, will be closely watched for clues on future rate hikes. The Fed's annual economic symposium kicks off in Jackson Hole, Wyoming on Thursday, with Fed Chair Jerome Powell and other central bankers set to discuss the root causes of stubbornly low inflation, slow wage growth and tepid productivity gains. (news.financializer.com). As reported in the news.