Trade war in a lose-lose situation for both China & US!

Fitch Ratings Inc. and Moody’s as two of the biggest credit rating agencies announced that both China and US are approaching a lose-lose situation through the cold war. According to Rick Helfenbein, president and CEO of the American Apparel and Footwear Association (AAFA), “The trade war is like a family argument, which at one point…

IMF: Global economy ‘far’ from recession!

According to International Monetary Fund (IMF) global economy is far from recession, although the trade war between US and China significantly influence on economy growth. “The trade tensions are weighing on growth. But we really don’t see recession in the current baseline. I think we’re far from that,” said the IMF official. IMF is going…

Xinhua News: Four Lessons Washington Needs to Learn from Trade War with China

The new round of tariffs on Chinese goods started yesterday although both parties are willing to restart negotiations! According to Xinhua, Washington should learn that “China is an unbent nail in face of US tactic of maximum pressure”. China is stronger to fight against the US and has sufficient measures at its disposal. Secondly, US…