Renewed trade tension feeds concern over economic outlook

摘要

The reemergence of trade tensions between the US and China, with both sides announcing new tarifs in recent weeks, has ignited new concern about the economic outlook after a stabilization of sentiment in early 2019. The immediate impact of tarifs is still expected to be minimal, but knock-on efects could undermine growth. “While the short-term impact of higher tarifs is manageable for both [the US and China], the longer-term efects on growth may be underestimated,” says Standard & Poor’s (S&P; New York), a credit ratings agency.