UK finance minister Hammond: U.S.-China trade war would have "very serious dampening" effect on world economy

Market news

10 May 2019

UK finance minister Hammond: U.S.-China trade war would have "very serious dampening" effect on world economy

"Disappointing" to see the latest U.S.-China trade tension
He is optimistic there will not be a trade war between the U.S. and China
UK is very exposed to any downturn in global trade
UK economy growing in line with official forecasts, even taking into account Q1 stockbuilding
Getting rid of PM May would not solve Brexit impasse

Donald J. Trump@realDonaldTrump:"We have lost 500 Billion Dollars a year, for many years, on Crazy Trade with China. NO MORE!"

Donald J. Trump@realDonaldTrump: "More Talks with China continue in a very congenial manner - there is absolutely no need to rush"

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