The world’s single largest mining conglomerate, BHP Billiton, is trimming its internal growth forecasts for 2019 and 2020 for both the US and China, primarily due to the two countries’ ongoing trade conflict. BHP’s Chief Commercial Officer, Arnoud Balhuizen delivered a prepared statement at a mining conference early Tuesday in Melbourne, warning shareholders that, despite the trade conflict, BHP’s businesses have yet to see any immediate negative impacts. According to COO Balhuizen, “our modeling indicates that the negative impact of Sino-U.S. trade protection on Chinese GDP growth will fall in the range of a half (0.5) to three quarters (0.75) of a percentage point. The expected gross negative impact on the U.S. also falls within that range, which confirms that the trade protection will create a lose-lose outcome.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Japan Fin Min Aso: Monetary easing has many positive effects FX Street 4 years The world's single largest mining conglomerate, BHP Billiton, is trimming its internal growth forecasts for 2019 and 2020 for both the US and China, primarily due to the two countries' ongoing trade conflict. BHP's Chief Commercial Officer, Arnoud Balhuizen delivered a prepared statement at a mining conference early Tuesday in Melbourne, warning shareholders that, despite the trade conflict, BHP's businesses have yet to see any immediate negative impacts. According to COO Balhuizen, "our modeling indicates that the negative impact of Sino-U.S. trade protection on Chinese GDP growth will fall in the range of a half (0.5) to three quarters (0.75)… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
