US-China Trade War Escalation Could Knock 0.4pp Off World GDP by 2020: Fitch Ratings

Newsroom24x7 Network The imposition by the US of 25% tariffs on the remaining USD300 billion of imports from China would reduce world economic output by 0.4pp in 2020, Fitch Ratings says. Global GDP growth would slow to 2.7% this year and 2.4% next year, compared with our latest “Global Economic Outlook” baseline forecasts of 2.8%… Read More US-China Trade War Escalation Could Knock 0.4pp Off World GDP by 2020: Fitch Ratings

India takes a firm stand on the US decision to withdraw GSP benefits

Newsroom24x7 Network India, like the US and other nations shall always uphold its national interest in these matters. We have significant development imperatives and concerns and our people also aspire for better standards of living. This will remain the guiding factor in the Government’s approach. – India’s unequivocal stand on the US decision to withdraw… Read More India takes a firm stand on the US decision to withdraw GSP benefits

US Secretary of State Pompeo talks about China and how it presents itself as a “threat today”

Newsroom24x7 Network Washington DC: The US Secretary of State Michael R. Pompeo has expressed serious concern regarding the challenge posed by China and linked it directly to national security imperative. Pompeo was addressing Business Executives for National Security (BENS) Gala and Awards Ceremony in Washington on 30 April 2019. Whether it’s the work that they’re… Read More US Secretary of State Pompeo talks about China and how it presents itself as a “threat today”