Goods were loaded at the port in Qingdao, Shandong province, China. (Photo: AFP/VNA)
The International Monetary Fund (IMF) lowered its growth forecast for China to 6.2% in 2019, assuming no new tariffs are imposed by the US.
But the organization said that additional US tariffs of 25% on remaining Chinese goods would cut GDP growth in the following year.
Earlier this month, US President Donald Trump announced plans to impose 10% punitive tariffs on USD300 billion in imports from September 1st. This notice means that all products imported from China will be subject to tariffs starting from the beginning of September./.