We expect growth in the global economy to remain subdued out to 2026.
Insight
July 4, 2022
China Economic Update – July 2022
How will the US respond to China’s failure to meet its trade commitments?
The US-China trade war, initiated by the Trump Administration, was concluded with the Phase One trade deal, that required China to expand its imports of US goods by the end of 2021. The failure of China to meet these commitments – whether realistic or not – raises the question of how the Biden Administration responds, given broad bipartisan support for action against China’s trade policies.
For further details, please see the China Economic Update (July 2022)
