Standard Chartered PLC Chief Executive Bill Winters said fears over a slowdown i...
Standard Chartered PLC Group Chief Executive Bill Winters attends the China Development Forum in Beijing, China March 23, 2019. REUTERS/Thomas Peter
“China has taken modest actions to re-stimulate the economy,” Winters said at the Credit Suisse Asian Investment Conference in Hong Kong on Tuesday.Since July 2018, the United States has imposed duties on $250 billion worth of Chinese imports, including $50 billion in technology and industrial goods at 25 percent and $200 billion in other products at 10 percent.
The eight-month trade war between the world’s two largest economies has raised costs, roiled financial markets, shrunk U.S. farm exports and disrupted manufacturing supply chains.
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