Trade war will cost 7 million jobs, says United Nations
The United Nations expects millions of potential jobs will vanish this year because of an economic slowdown triggered by President Trump’s trade war.
President Donald Trump said Thursday that his first call with Chinese leader Xi Jinping since returning to office was “very positive,” announcing that the two countries will hold trade talks in hopes of breaking an impasse over tariffs and global supplies of rare earth minerals.
Europe and the United States are meeting in Paris to negotiate a settlement of a tense tariff spat with global economic ramifications between two global economic powerhouses.
A federal court on Wednesday blocked President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law.
The United Nations expects millions of potential jobs will vanish this year because of an economic slowdown triggered by President Trump’s trade war.
President Donald Trump on Friday floated cutting tariffs on China from 145% to 80% ahead of a weekend meeting among top U.S. and Chinese trade officials as he looks to deescalate the trade war between the world’s two largest economies.
A Chinese official said Tuesday, China cannot hold talks with Washington while the U.S. “holds a knife” to Beijings neck.