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Thu, 14 Nov 2019 20:55 GMT

US Tariff Hikes' Impact on China Manageable


7Dnews London

Sun, 08 Sep 2019 21:13 GMT

The US tariff hikes' impact on China's growth is limited and manageable, according to experts with the Standard and Poor's Global Ratings.

Shaun Roache, the chief economist for the Asia-Pacific region of the Standard and Poor's Global Ratings, told China Global Television Network (CGTN) on Thursday that China's exports to the US are not large enough to shake the country's growth.

As for the trade war's impact on Chinese companies, Li Chang, the director of Corporate Ratings at Standard and Poor's Global Ratings, said many companies in China are capable of handling the tariff hike.

Meanwhile, the US Federal Reserve said on Wednesday that trade policy uncertainties are slowing American businesses and consumers may be starting to feel the pinch.

The Fed also hinted that whether another rate cut is in order largely hinges on consumer spending. And spending by American consumers remained robust last quarter despite a drop in business investment.

Analysts believe the Fed will "need to do what it can to try to keep the economy moving" if business investment continues to slump.

Asia US & Canada