There will be no trade war between two of the world's largest economies
“There will be no trade war between China and the United States” – said Timothy Geithner American Finance Minister, after the U.S. voted to use the protective tariffs against China, protesting against the underestimation of the yen.
Beijing also reacted with restraint for the verdict of Washington: According to the spokesman of the Minister of Trade; Beijing is ready to jointly develop the steps with its American partners, that will balance trade between the two countries.
Timothy Geithner also believes, that the two countries can cope with the adverse consequences for U.S. companies, that cames from the underestimation of the yen – reports ProfitLine.hu.
Related news
Related news
GKI: Deteriorating confidence indices and economic outlook in Hungary
In November, both businesses and consumers became more pessimistic about…
Read more >Arabica coffee price hits 47-year high
The futures price of arabica coffee has reached a 47-year…
Read more >Magyar Posta is preparing for the increased holiday traffic with 130 new vehicles
Magyar Posta expects to deliver more than 7 million packages…
Read more >