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US-China trade spat: global economy may suffer

  Copy link into your clipboard //science-technology.news-articles.net/content/2 .. -china-trade-spat-global-economy-may-suffer.html
  Print publication without navigation Published in Science and Technology on by The Express Tribune
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
The New York Times, in its story, said General Motors (GM), which is the symbol of American industrial might, has suffered a loss of $5 billion as its cars cannot compete with Chinese automakers, which is a revolutionary change because of the fast-paced development of high-quality Chinese vehicles.
The article from The Express Tribune discusses the ongoing trade tensions between the United States and China, highlighting how these disputes could negatively impact the global economy. It mentions that the US has imposed tariffs on Chinese goods, prompting retaliatory measures from China, which has led to fears of a broader trade war. Analysts cited in the article express concerns over reduced global trade volumes, increased costs for businesses and consumers, and potential disruptions in supply chains. The piece also touches on the broader implications, such as slowing economic growth, increased market volatility, and the potential for other countries to be drawn into the conflict through secondary effects like currency fluctuations and changes in investment patterns. The article underscores the need for a resolution to prevent further economic strain worldwide.

Read the Full The Express Tribune Article at:
[ https://tribune.com.pk/story/2516221/us-china-trade-spat-global-economy-may-suffer ]