Global Markets: China says it doesn’t want trade war

By MarketsFarm

WINNIPEG, Sept. 3 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– China’s top trade negotiator, Vice-Premier Liu He stated China doesn’t want a trade war, as it’s not good for the global economy or for China and the United States. Liu made the comment when he met with U.S. Senators David Perdue and Steve Daines. The U.S. and China have been locked in a trade war for just over a year, which has threatened to push global economy into a recession.

– United Kingdom Prime Minister Boris Johnson has threatened to call a general election if the country’s Parliament attempts to block a no-deal Brexit. British MP’s returned to the House of Commons on Tuesday, with a make-shift alliance between the Official Opposition Labour Party and rebel Conservative MPs determined to prevent the U.K. from leaving the European Union without a deal.

– Although Hurricane Dorian has been downgraded to Category 3, the slow moving storm has continued to wallop the Bahamas. Winds were at 190 kilometers per hour on Tuesday, down from 295 km/h with gusts up to 355 the day before. Dorian is expected to strike the Florida coast later today and make its way up the U.S. east coast during the week.

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