escalation

BERLIN | German government cuts growth forecast amid trade tensions

BERLIN — The German government has cut its forecast for the country’s economic growth this year to 1.8 percent from 2.3 percent, in part because of rising global trade tensions. The government also trimmed its 2019 outlook for Europe‘s biggest economy on Thursday, saying that it now expects 1.8 percent growth rather than the 2.1 … Continue reading BERLIN | German government cuts growth forecast amid trade tensions

BEIJING | China says retaliation ready if US tariffs go ahead

BEIJING — China is ready to retaliate if U.S. President Donald Trump goes ahead with a tariff hike on Chinese goods and is confident it can maintain “steady and healthy” economic growth, a government spokesman said Thursday. The Trump administration is poised to impose 25 percent penalties this week on $200 billion of Chinese goods … Continue reading BEIJING | China says retaliation ready if US tariffs go ahead

BEIJING | Global stocks steady as US and China hike tariffs

BEIJING  — Global stock markets traded in narrow ranges Thursday after the United States and China imposed new tariff hikes on each other’s goods in an escalation of their battle over Beijing’s technology policy. KEEPING SCORE: In Europe, Germany’s DAX was steady at 12,383 while London’s FTSE 100 was more or less unchanged at 7,574. … Continue reading BEIJING | Global stocks steady as US and China hike tariffs