As President Donald Trump on Thursday contemplated extending a global trade war to imports from Europe, the health-care industry is gauging potential fallout from tariffs levied on goods imported from China.

China has announced a wide-ranging “special action plan” to promote domestic spending, in an effort to counter the economic impact of tariffs imposed by US President Donald Trump.

Beijing’s leaders are ordering fiscally strapped local governments to spend more to help workers, consumers and businesses.

F or Global companies, there is no place quite like America. As growth in China and Europe has slowed, its economy has continued expanding at a decent clip. America remains by far the world’s biggest consumer market, accounting for almost 30% of total spending, and is home to the largest stock of foreign direct investment ( FDI ), at around $5trn.

President Donald Trump has said he doesn’t intend to create exemptions from steel and aluminum tariffs and that additional sectoral, as well as reciprocal tariffs will be imposed on April 2.

In a bold move, President Donald Trump has imposed a 25% tariff on imports from Mexico and Canada, sparking concerns across financial markets and among consumers. While Canadian energy enjoys a slight reprieve with a 10% tariff,