The trade war could make a recession



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The bank said in a note sent to its customers "Expect rates targeting the rest American imports From China, Which represents 300 billion dollars ".

He was the American president Donald Trump He announced on August 1 that he would impose a tariff of 10% on a last batch of Chinese imports On September 1, 300 billion US dollars prompted China to stop buying US agricultural products.

And announced United States China also handles money.

China denies manipulating it RMB For competitiveness gains, the trade dispute concerns issues such as tariffs, subsidies, technology, intellectual property and cybersecurity, among others.

Goldman Sachs announced that it would reduce its growth forecast for the United States in the fourth quarter by 20 basis points, to 1.8%, a larger than expected impact of changing trade tensions.

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"We expect tariffs to target the remaining $ 300 billion of US imports from China," the bank said in a note to its customers.

On August 1, US President Donald Trump announced that he would impose September 1 tariff of 10% on a final batch of Chinese imports, which would prompt China to stop buying American agricultural products.

The United States also announced that China was manipulating the currency.

China denies manipulating the yuan to gain competitiveness, while the trade dispute covers issues such as tariffs, subsidies, technology, intellectual property and cybersecurity, among others.

Goldman Sachs announced that it would reduce its growth forecast for the United States in the fourth quarter by 20 basis points, to 1.8%, a larger than expected impact of changing trade tensions.

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