According to Business Insider, "Warren Buffett was off the money when he predicted there wouldn't be a trade war between the US and China... However, China [does plans] to hike tariffs on American goods in June after the US raised duties on Chinese products last week." President Donald Trump is also preparing to expand tariffs to a further $300 billion of Chinese goods.
This means Buffet was way off course when he thought there'd be peaceful trading between the US and China.
According to a report by Reuters, on Sunday, an influential Chinese Communist Party journal said that the United States has underestimated China's will to fight a trade war and Beijing is prepared for..
Broadcom sent a shockwave to global chip stocks Friday after warning the U.S.-China trade war and ban on doing business with Huawei would rob it of $2 billion in sales this year. Fred Katayama reports.
Vice Premier Liu He said Chinese regulators should support the economy more. According to Reuters, he said they should keep ample liquidity in the financial system. Liu admitted the country is facing..