How China is a loser in a trade war

Insight 2018/2019

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Insight 2018/2019:

How China is a loser in a trade war

(Updated: )

China and the United States are engaged in a trade war. In 2018, US President Donald Trump imposed a global tariff of 25 per cent on steel – a move that has already hurt China. International Monetary Fund (IMF) predicts the war could shave nearly 2 per cent off China’s GDP growth over the next 2 years.

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