The trade war between the U.S. and China took a turn for the worse in May. President Trump accused China of backpedaling on already agreed-upon commitments made in the negotiations, and increased tariffs on Chinese goods. China promptly responded with higher tariffs and negotiations appear to be at an impasse. Read more →
The International Monetary Fund (IMF), projected a rebound in global growth in the second half of 2019. An important assumption in this forecast was an improving outlook for trade tension between the U.S. and China, which ebbed and flowed over the last couple of months.