Econ­omy

The Washington Post Sunday - - TAKING STOCK -

The U.S. econ­omy will not achieve the Trump ad­min­is­tra­tion’s goal of 3 per­cent growth this year and will not un­til all of Trump’s tax, reg­u­la­tory, trade and en­ergy poli­cies are fully in place, Com­merce Sec­re­tary Wil­bur Ross said. Ross also said that trade en­force­ment ac­tions would have a ma­jor role in cut­ting U.S. trade deficits and that he has prob­lems with World Trade Or­ga­ni­za­tion rules that al­low widely di­ver­gent tar­iffs and are slow to pun­ish vi­o­la­tors. China’s big­gest-ever for­eign ac­qui­si­tion frenzy is end­ing al­most as dra­mat­i­cally as it be­gan. Af­ter stun­ning the world with a record $246 bil­lion of an­nounced out­bound takeovers in 2016, Chi­nese deal­mak­ers are strug­gling to cope with tighter cap­i­tal con­trols and wary coun­ter­par­ties.

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