12 h. ago
China’s retaliatory tariffs on US farm goods kick in, as trade war escalates – business live
Rolling coverage of the latest economic and financial newsChina’s stock markets have dropped today, as the double-whammy of trade war fears and deflation weighed on investors.The CSI 300 index dropped by 0.4%, while in Hong Kong the Hang Seng index slid by 1.8%.The week starts on a sharp negative note for the Chinese stocks, as the latest inflation update showed that consumer prices in China fell the most in more than a year .Overall, the week is expected to bring more tariffs the Chinese tariffs on US agricultural and some Canadian products will start today, while the US steel and aluminium tariffs will be live from Wednesday.Monday kicks off with the same old deflationary drumbeat as China’s consumer inflation took a deeper dive than expected, slipping below zero for the first time in over a year. The data only reinforces what’s been clear for months—deflationary pressures remain firmly entrenched in the world’s second-largest economy.The property sector remains stuck in the mud, ...
Economics
