Illustration: Craig Stephens
Nikolaj Schmidt
Opinion

Opinion

Nikolaj Schmidt

With US elections looming, Donald Trump’s populist but damaging trade war against China is here to stay

  • In a landscape brutalised by the trade war, there will be no winners. And while it is tempting to believe that Washington and Beijing will see sense, politics, not economics, is at the forefront of the US president’s mind right now

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Illustration: Craig Stephens
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The US fell to the sixth largest foreign investor in China in April from the third largest in March, according to the data. Photo: Reuters

Trade war could cause global recession, Beijing official warns, as US investment growth in China sinks

  • US investment in China grew 7.5 per cent between January and May, year on year, a much slower pace than the 24.3 per cent recorded between January and April
  • Ministry of Commerce spokesman Gao Deng says that the trade war ‘could cause a recession in the United States and global economies’
Topic |   Investing

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The US fell to the sixth largest foreign investor in China in April from the third largest in March, according to the data. Photo: Reuters
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