More Fortune 500 companies worried about impact of Donald Trumps China trade war strategy, US Chamber of Commerce says

US President Donald Trump speaks with reporters on the South Lawn of the White House. Without a trade agreement, the US is on track to increase tariffs on US$250 billion of Chinese imports next month. Photo: Reuters

More Fortune 500 companies worried about impact of Donald Trumps China trade war strategy, US Chamber of Commerce says

Forty-three per cent of Fortune 500 firms up from 30 per cent at the start of the year have shown concern about US presidents tariff battle with China

Tariffs may be at point where they seriously hurt companies, consumers and the wider economy, report says

US President Donald Trump speaks with reporters on the South Lawn of the White House. Without a trade agreement, the US is on track to increase tariffs on US$250 billion of Chinese imports next month. Photo: Reuters

International Monetary Fund (IMF) chief economist Gita Gopinath (second right) did not repeat the a recent evaluation that the weaker yuan exchange rate remained in line with Chinas economic fundamentals, in contrast to the US assessment. Photo: Xinhua

China, US urged to ease trade war tensions that are weighing on global commerce, says IMF chief economist

Gita Gopinath, the International Monetary Funds (IMF) chief economist, said in Beijing on Friday that there has been weakness in trade across the board

The IMF has already revised down Chinas 2019 growth projection by 0.1 percentage points to 6.2 per cent and global growth by 0.1 percentage points to 3.2 per cent

International Monetary Fund (IMF) chief economist Gita Gopinath (second right) did not repeat the a recent evaluation that the weaker yuan exchange rate remained in line with Chinas economic fundamentals, in contrast to the US assessment. Photo: Xinhua

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