China-US Trade War: Bloomberg: Likelihood of US economic recession increases
Updated 23:49, 09-Aug-2019
The likelihood of the U.S. entering an economic recession in the next 12 months has increased. That's according to Bloomberg News. An August survey with economists shows that the chance of this happening is now 35 percent, up from 31 percent. This came as U.S. President Donald Trump threatened an additional 10 percent tariff on the remaining 300 billion U.S. dollars worth of Chinese imports. Meanwhile, China's investment in the U.S. has fallen sharply. CGTN spoke to Stephen Orlins, President of the National Committee on U.S.-China Relations, on this issue.