While the inflation impact is less clear, the short to medium-term effects may even prove disinflationary for the euro area, Cipollone added.
"Relevant Chinese airlines and Boeing in the United States have suffered greatly," a spokesperson said.
U.S. President Donald Trump's global trade war has rattled financial markets and raised fears of a recession, particularly as tit-for-tat tariffs between the world's two biggest economies threaten to upend supply chains and a whole range of industries.
Trump’s barrage of tariffs against global trading partners has reverberated around the United States over the past few months, affecting the livelihoods of myriad Americans, including many who said they voted for him.
Investors were also keeping tabs on China after President Xi Jinping and other top leaders last week discussed plans to boost consumption in the world's number two economy.
Beijing has acknowledged that global economic vicissitudes have strained its economy, long dependent on exports
Across the country, car models rolling off assembly lines like this have gone from concept to release in record time -- known in the industry as "China Speed", the envy of foreign competitors.
Toyota Chairman Akio Toyoda and his founder family have proposed acquiring Toyota Industries in a possible 6 trillion yen ($42 billion) deal.
While the inflation impact is less clear, the short to medium-term effects may even prove disinflationary for the euro area, Cipollone added.
"Relevant Chinese airlines and Boeing in the United States have suffered greatly," a spokesperson said.
U.S. President Donald Trump's global trade war has rattled financial markets and raised fears of a recession, particularly as tit-for-tat tariffs between the world's two biggest economies threaten to upend supply chains and a whole range of industries.
Trump’s barrage of tariffs against global trading partners has reverberated around the United States over the past few months, affecting the livelihoods of myriad Americans, including many who said they voted for him.
Investors were also keeping tabs on China after President Xi Jinping and other top leaders last week discussed plans to boost consumption in the world's number two economy.
Beijing has acknowledged that global economic vicissitudes have strained its economy, long dependent on exports
Across the country, car models rolling off assembly lines like this have gone from concept to release in record time -- known in the industry as "China Speed", the envy of foreign competitors.
Toyota Chairman Akio Toyoda and his founder family have proposed acquiring Toyota Industries in a possible 6 trillion yen ($42 billion) deal.
President Xi Jinping said China must “overcome” the challenges of developing core AI technologies including high-end chips, state media reported yesterday, as Beijing seeks to become a world leader in the rapidly developing industry.
In a chair's statement, the IMF's steering committee also reaffirmed prior foreign exchange commitments and voiced support for a realignment of quotas, or shareholding, that better reflects countries' positions in the global economy.
