MARKETS - HEARD ON THE STREET
The Trade Conflict Starts to Bite China
A bleak December confirms the real hit is just arriving now
Fed Chairman Jerome Powell said he doesn't yet see tariffs as having a visible mark on either the U.S. or China, but higher, long-lasting tariffs could in the long-run lead to a less-productive economy around the world. Photo: Getty
By Nathaniel Taplin
Updated Jan. 14, 2019 4:56 a.m. ET
Chinese exports have been suffering this winter, but until Monday there wasn’t much evidence that the trade tussle with the U.S.—rather than slowing global growth—was a major culprit.
That evidence has now materialized. China’s exports to the U.S. fell 3.5% on the year in December, significantly underperforming shipments to Europe—even though European growth is slowing sharply while most indicators show the U.S. economy is still healthy. Overall, Chinese exports were down 4.4%.
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READ MORE: https://www.wsj.com/articles/the-trade-conflict-starts-to-bite-china-11547459606?tesla=y&mod=article_inline
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Chân thành cám ơn Quý Anh Chị ghé thăm "conbenho Nguyễn Hoài Trang Blog"
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