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PETALING JAYA: Pundits have cautioned that Malaysia could become an unlikely victim of a full-blown trade war between the United States and China, taking a contrasting viewpoint from Prime Minister Tun Dr Mahathir Mohamad, who believes it will benefit the local economy.
Foreign financial institutions increasingly reluctant to lend US dollars to Chinese banks given worries about financial risks amid the trade war China holding onto US dollars by increasingly restricting business and individual transfers out of the country
China’s top economic planning agency indicated late on Tuesday that the government has not ruled out using rare earth exports as a new bargaining chip in its continuing trade war with the US.
BEIJING (Reuters) - China will make a necessary response in the event of a trade war with the United States, Foreign Minister Wang Yi said on Thursday, while warning that such a war would only harm all sides.
NEW YORK: Investors may still be underestimating the full risk to the global economy from a trade war, even after US stocks capped the worst month of the year.