Voters sent President Donald Trump back to the Oval Office on his pledge to lower costs on Day One and usher in a new “golden age” of American prosperity. But the dizzying pace of his executive actions has unnerved some economists who are projecting a downturn or even a recession.

In the meantime, Mr Trump’s tariff promises would return the average effective duty to levels not seen since the 1940s, when trade volumes were much smaller. No wonder that, despite Mr Trump’s talk of a roaring comeback,

China set a bullish economic growth goal of around 5% this year Fiscal deficit target set at around 4% of GDP, highest in over three decades Beijing lowers CPI target to around 2% for first time in more than 20 years Thanks for joining us.

United States President Donald Trump doubled the tariff on Chinese imports, bringing that rate to 20%. China retaliated by announcing 15% tariffs on various imports from the US.

US President Donald Trump has hit China with a second tariff in as many months, which means imports from there now face a levy of at least 20%. This is his latest salvo against Beijing, which already faces steep US tariffs,