Caixin
Sep 26, 2018 10:36 PM
ECONOMY

Trade War May Boost China, Hurt U.S. Economic Activity, Report Says

VCG
VCG

(Bloomberg) — A global tariff tit-for-tat could boost China’s $12 trillion economy and hurt U.S. expansion, according to European Central Bank (ECB) research published Wednesday.

The conclusions challenge U.S. President Donald Trump’s assertions that trade wars are “good, and easy to win.” They also counter the argument that China has more to lose from a spat with its main trading partner because of its greater dependence on exports.

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