Tag: China yuan

Goldman Sachs (GS) has cut its Q4 growth forecast by 20 basis points. It now foresees the trade war impacting growth more than it previously forecast.

Gold prices received a boost after President Trump’s tweet that 10% duties would be levied on $300 billion of Chinese goods starting on September 1.

On August 1, President Trump escalated the US-China trade war even further by announcing that the US would impose more tariffs on Chinese goods.