U.S. denies recession and warned, China and E.U. for 'ripping'

President Trump has consistently rejected a growing number of forecasts that his trade with China and slowing global growth are pushing the U.S. towards recession.

Repeating his demand that the Federal Reserve slash interest rates to up the economy. Yet he also suggested those actions aren’t necessary. “We’re very far from a recession,”

U.S. and Chinese negotiators are due to meet in September in Washington. The last round of talks in Shanghai in July ended with no indication of progress.

The European Commissioner for trade, Malmstrom has told the EU that President Trump is set to give them tarrifs.

the EU must be prepared for multibillion dollar tariffs on imports that could affect products such as cheese, olives, whisky and the EU need to “brace” themselves.

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'ripping'