Escalating trade war `credible and significant threat´ to business cycle
(World News USA)

The escalating U.S.-China trade war is threatening to upend the global economy’s much-anticipated rebound and could even throw its decade-long expansion into doubt if the conflict spirals out of control. Fears that companies will shelve investment, consumers will cut spending and stocks will slide have been revived after President Donald Trump and Xi Jinping’s fragile trade truce was shattered with both sides slapping fresh tariffs on the other’s goods. Reflecting the worries, stocks fell this past week and two-year U.S. Treasury yields dropped to the lowest since February 2018. World growth already has slowed and further weakness would reinforce the reluctance at the...