Asia Economics: Louis Kuijs and Week Mark

asia economics: And analysts say the battle is likely to get worse, even as China starts to run low on ways to retaliate, according to CNN. The new tariffs announced by Washington and Beijing this week mark a major escalation of their conflict that will hit global economic growth, Louis Kuijs, head of Asia Economics at research firm Oxford Economics, said in a note. The latest exchange of fire means the two economic superpowers will soon have imposed tariffs on more than 360 billion of goods. The Chinese government said late Tuesday that it would impose tariffs on US goods worth 60 billion following the Trump administration's announcement that it was hitting 200 billion worth of Chinese goods with new tariffs. They come into effect on September 24, and will apply to thousands of Chinese products, ranging from food seasonings and baseball gloves to network routers and industrial machinery parts. use strict';CNN. Videx CNN. Videx ;CNN. Videx.mobile function data Obj 'use strict';var 'unmute ' data Obj ;if 'fave' player Instance null; else player Instance container Id && null; is Player Mute typeof data Obj.muted 'boolean' data Obj.muted false;if && player Property Obj player Property Obj.mute && if is Player Mute false unmuteCTA unmuteCTA.length 0 0;if remember Time 0 remember Time 360 / 'X', remember Time ; else function 'use strict';var vid EndSlate.length 0 CNN.auto Play Video Exist true true false;var config Obj thumb 'none',video '100%',height '100%',section 'domestic',profile 'expansion',network 'cnn',markup Id allow Native Fullscreen trueadsection '100%',frame Height '',is Live Player false,next Video Id '',next Video Url '',turn OnFlash Messaging CNN.auto Play Video Exist false auto Start Video false;if auto Start Video true if turn OnFlash Messaging true auto Start Video false;container El else CNN.auto Play Video Exist false auto Start Video, is Live Player, is Video Replay Clicked, new var i,vid Obj;if current Video Id && && 0 for i 0; i i vid Obj typeof vid Obj ! 'undefined' && vid Obj.video Id current Video Id if i - 1 next Video Id current Video Collection i 1 .video Id;next Video Url current Video Collection i 1 .video Url; else next Video Id !next Video Url next Video Id window.jsmd && window.jsmd.v && window.jsmd.v.eVar60 ' 1' ; else next Video Id '';next Video Url container Id var next Video Url move ToNext Timeout set Timeout function location.href next Video Url; next Video Play Timeout ; else end Slate end Slate.length 0 mobile Pinned View on Player Ready function container Id var ' ' &&Modernizr && Modernizr.phone Modernizr.mobile Modernizr.tablet 'fave' 0 'article' player Instance new false,transition function function function if mobile Pinned View function Storing pinned view on So that all players can see the single pinned player /CNN. Videx CNN. Videx ;CNN. Videx.mobile CNN. Videx.mobile mobile Pinned View; if Modernizr && !Modernizr.phone && !Modernizr.mobile && !Modernizr.tablet if video Pinner new else function container Id, player Id, contentid, is Queue function container Id, player Id, video Id, paused if mobile Pinned View function container Id, player Id, metadata, content Id, duration, width, height var end Slate Len metadata ;if end Slate Len 0 function container Id, cvp Id, token, mode, id, duration, block Id, ad Type / Dismissing the pinned Player if another video players plays an Ad Modernizr && !Modernizr.phone && !Modernizr.mobile && !Modernizr.tablet if typeof video Pinner ! 'undefined' && video Pinner ! null function container Id, player Id, token, mode, id, duration, block Id, ad Type, instance, is AdPause if mobile Pinned View function container Id, Player Id, data Obj data Obj ;if mobile Pinned View &&typeof data Obj 'object' &&FAVE. Utils.os 'iOS' && !data Obj.fullscreen function container Id, cvp Id, event var CNNpanion && typeof 'function' Modernizr && !Modernizr.phone && !Modernizr.mobile && !Modernizr.tablet if typeof video Pinner ! 'undefined' && video Pinner ! null function container Id, cvp Id, content Id if Modernizr && !Modernizr.phone && !Modernizr.mobile && !Modernizr.tablet if typeof video Pinner ! 'undefined' && video Pinner ! null end Slate end Slate.length 0 function container Id, cvp Id, content Id if mobile Pinned View Dismissing the pinned Player if another video players plays a video. The US tariffs start at a rate of 10%, before rising to 25% at the end of the year. (news.financializer.com). As reported in the news.