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Economists: The consensus reached by China and the USA on tariffs is Bullish for the Global economy.

Breakings ·  May 14 20:54

According to CCTV News, on the 14th local time, the "World Trade Dialogue" event hosted by the Kiel Institute for the World Economy took place in Hamburg, Germany. Experts in the economic field attending the event stated that the consensus reached by China and the USA on tariffs is Bullish for the development of the Global economy. Moritz Schularick, president of the Kiel Institute for the World Economy, stated that the announcement by China and the USA to suspend the implementation of certain additional tariffs is good news for the German economy and the Global economy. Imposing such high tariffs between the world's two largest economies is unsustainable and a burden on the Global economy. Schularick believes that in this trade dispute instigated by the USA, the relationship between Europe and China will be strengthened.

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