AGL 37.50 Decreased By ▼ -0.48 (-1.26%)
AIRLINK 223.69 Increased By ▲ 3.69 (1.68%)
BOP 10.98 Increased By ▲ 0.17 (1.57%)
CNERGY 7.64 Decreased By ▼ -0.21 (-2.68%)
DCL 9.56 Increased By ▲ 0.41 (4.48%)
DFML 41.74 Increased By ▲ 0.96 (2.35%)
DGKC 110.10 Increased By ▲ 5.18 (4.94%)
FCCL 37.80 Increased By ▲ 1.22 (3.34%)
FFL 18.20 Increased By ▲ 0.27 (1.51%)
HUBC 134.97 Increased By ▲ 4.08 (3.12%)
HUMNL 15.40 Increased By ▲ 0.73 (4.98%)
KEL 5.55 Decreased By ▼ -0.05 (-0.89%)
KOSM 7.45 Increased By ▲ 0.07 (0.95%)
MLCF 50.20 Increased By ▲ 4.26 (9.27%)
NBP 66.40 Decreased By ▼ -0.52 (-0.78%)
OGDC 228.40 Increased By ▲ 1.14 (0.5%)
PAEL 43.38 Decreased By ▼ -0.47 (-1.07%)
PIBTL 9.26 Decreased By ▼ -0.12 (-1.28%)
PPL 203.55 No Change ▼ 0.00 (0%)
PRL 42.85 Decreased By ▼ -1.47 (-3.32%)
PTC 27.40 Increased By ▲ 0.13 (0.48%)
SEARL 107.00 Increased By ▲ 2.54 (2.43%)
TELE 9.76 Increased By ▲ 0.06 (0.62%)
TOMCL 36.79 Increased By ▲ 1.10 (3.08%)
TPLP 15.30 Decreased By ▼ -0.34 (-2.17%)
TREET 26.57 Decreased By ▼ -1.52 (-5.41%)
TRG 70.00 Decreased By ▼ -0.67 (-0.95%)
UNITY 34.30 Decreased By ▼ -0.24 (-0.69%)
WTL 1.77 Decreased By ▼ -0.01 (-0.56%)
BR100 12,429 Increased By 41.4 (0.33%)
BR30 37,678 Decreased By -1027.5 (-2.65%)
KSE100 117,008 Increased By 1881.2 (1.63%)
KSE30 36,865 Increased By 682.4 (1.89%)
World

Trump sees slowing Chinese growth pressuring Beijing on trade

WASHINGTON: US President Donald Trump on Monday pointed to slowing economic growth in China amid restarted trade tal
Published July 15, 2019

WASHINGTON: US President Donald Trump on Monday pointed to slowing economic growth in China amid restarted trade talks, saying US tariffs were having "a major effect" and warning that "possibly much more" were to come.

Growth data released earlier on Monday showed the world's second-largest economy had slowed to 6.2% in the second quarter, its weakest pace in at least 27 years amid ongoing trade pressure from the United States.

"This is why China wants to make a deal with the US, and wishes it had not broken the original deal in the first place," Trump tweeted.

Trump and his administration are seeking to push China to make a trade pact after talks broke down in May. Trump and Chinese President Xi Jinping agreed to restart negotiations at their meeting at the G20 last month.

US and Chinese negotiators spoke by phone last week, and in-person talks are expected soon in Beijing, US officials have said.

Copyright Reuters, 2019

Comments

Comments are closed.