Sentences with phrase «possibility of a global trade war»

He defended Trump's decision to set levies of 25 percent on imported steel and 10 percent on aluminum, a move that rocked financial markets and which critics say threatens U.S. jobs and ignites the possibility of a global trade war.

Not exact matches

The U.S. dollar clung to gains amid fading concerns over a global trade war, while oil soared on a reported decline in U.S. crude inventories and the possibility of supply disruptions.

«The sharp decline in March export growth after very solid performance in January and February suggests some exporters may have front - loaded exports (early) this year due to concern over the possibility of a Sino-U.S. trade war after the U.S. hiked tariffs on global imports on solar panels and washing machines,» said Lisheng Wang, an economist at Nomura in Hong Kong.