A recession could begin in as soon as nine months if President Donald Trump pushes to impose 25% tariffs on an additional $300 billion of Chinese exports and China retaliates, warns Morgan Stanley
Fears are growing throughout Asia that a clash of superpowers will end up hurting smaller nations, many of which rely on exports to fuel the economic growth that provides jobs for millions of people
In the escalating trade war with Beijing, Trump this month increased existing tariffs on $200 billion in Chinese imports to 25 per cent
The WTO brings out its quarterly forecast of global trade growth through the World Trade Outlook Indicator index
Imposing tariffs may affect non-US car makers especially from Japan, EU as well as Mexico and Canada.
At first glance, the jobs data does look good for Trump's argument
Tensions worsened this week after the Trump administration officially added China's Huawei Technologies Co Ltd to a trade blacklist
Civilisations will lose vitality if countries go back to isolation and cut themselves off from the rest of the world, Xi said
Is Vietnam's scale too small to draw comparisons with China? Quite possibly
As in the Canadian example, only about a fifth of Chinese exports go to the US, equivalent to about 3.5 per cent of its gross domestic product
For now the trade war that Trump began in January 2018 is back on, which will mean more economic pain for companies and consumers in both the US and China
If Trump proceeds with the tariffs, it would see almost all imports from China covered by punitive import duties
China did not name US, but referred to the block on appointment of WTO appeals judges and "national security" tariffs on aluminum, steel and cars, policies uniquely associated with Washington
Trump had not minced any words on the volume of imports that would now be taxed at 25 per cent instead of 10 per cent
Both the US and China have worked hard since the end of discussions on Friday to project calm
The US escalated a tariff war with China by hiking levies on $200 bn worth of Chinese goods in the midst of last-ditch talks to rescue a trade deal
Trump threatens to impose tariffs on all Chinese imports
Tension between Washington and Beijing has risen after a major setback in negotiations last week when China revised a draft deal and weakened commitments to meet US demands for trade reform
Across the world, similar resentments have built up against Beijing's trade practices
We felt we were on track to get somewhere. Over the course of last week we have seen an erosion of commitments by China: US Trade Representative