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Trump hits China with more tariffs, says Xi moving too slow on trade Moody’s said the new tariffs would weigh on the global economy at a time when growth is already slowing in the United States, China and the euro zone Current Affairs :- US President Donald Trump said he intends to force a 10 percent duty on $300 billion of Chinese imports from September 1 and could raise taxes further if China’s President Xi Jinping neglects to move all the more rapidly to strike an economic accord. The declaration on Thursday stretches out Trump’s exchange duties to almost the entirety of China’s imports into the United States and denotes a sudden end to a transitory détente in an exchange war that has upset worldwide supply chains and annoyed budgetary markets. “I think President Xi … needs to make an arrangement, however in all honesty, he’s not going quick enough,” Trump said. Trump made the declaration in a progression of Twitter posts after his top exchange moderators advised hi...

Recession may begin in 9 months if trade war gets any worse: Morgan Stanley A recession could begin in as soon as nine months if President Donald Trump pushes to impose 25% tariffs on an additional $300 billion of Chinese exports and China retaliates, warns Morgan Stanley Current Affair :-Financial specialists may at present be thinking little of the full hazard to the worldwide economy from an exchange war, even after US stocks topped the most noticeably awful month of the year. A subsidence could start in when nine months if President Donald Trump pushes to force 25% levies on an extra $300 billion of Chinese fares and China strikes back with its own countermeasures, as per Chetan Ahya, boss financial specialist and worldwide head of financial aspects at Morgan Stanley. “My ongoing discussions with speculators have strengthened the feeling that business sectors are thinking little of the effect of exchange strains,” Ahya wrote in a note. “Speculators are by and large...