Start GRASP/China US and China can still back down from trade war: Treasurer

US and China can still back down from trade war: Treasurer

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Treasurer Scott Morrison says the trade war between China and the United States is based on legitimate concerns but both sides can still show ‚common…
Treasurer Scott Morrison says the trade war between China and the United States is based on legitimate concerns but both sides can still show ‚common sense‘ and back down.
Mr Morrison also said he doesn’t believe the worst case scenario forecasts which predict the trade war could see half a percentage point wiped from global growth.
US President Donald Trump says he is ready to intensify the war by charging additional tariffs on all $500 billion worth of Chinese imports.

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