Chinese Imports: Growth Forecasts and Trade War

chinese imports: The International Monetary Fund cut global economic growth forecasts for 2018 and 2019 and its 2019 US and China estimates, saying the two countries would feel the brunt of their trade war next year, according to Nine News Australia. Meanwhile, US President Donald Trump repeated a threat to impose tariffs on US267 billion A376 billion worth of additional Chinese imports if Beijing retaliates for the recent levies and other measures the United States has taken in the countries' escalating trade war. To improve your experience update it here News World Wall Street edges lower on global worries7 58am Oct 10, 2018Facebook Tweet Mail The Dow and S&P 500 has ended slightly lower as investors, worried about global growth prospects, fled from materials and industrials stocks but falling bond yields kept declines in check in the three major indexes. The materials index ended down 3.4 per cent, its biggest one-day percentage drop since February 8. If industrials and materials are weighed on because of concerns about global activity, it's going to cast a pall over the market at large since S&P 500 companies generate about half of their business from overseas markets, said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia. Chemical company PPG Industries was its biggest loser, falling 10 per cent after warning that its current-quarter profit would be hit by higher raw material costs and softer demand in China. (news.financializer.com). As reported in the news.