Trade war leaves both US and China worse off: UN economists
UNITED NATIONS, Nov 06 (APP): The trade tariff spat between the United States and China has been a “lose-lose” situation for both countries and the wider world and it is likely to deteriorate unless a deal is reached, UN economists have warned.
According to data from the first six months of the year, most of the cost of higher US tariffs on China has been passed down to US consumers and firms.