A trade war has no winners
中文

A trade war has no winners

On March 22, local time, United States President Donald Trump has signed an order calling for up to $60 billion in new tariffs on Chinese imports. Ahead of Trump's announcement, China warned that it will take  "all necessary measures" to defend itself.


But jack parker, vice President of U.S.-China Business Council, said that for American companies in China, tariffs on China will do more harm than good. There are also fears in the US that a trade war could lead to a "mutual loss". "There are no winners in a trade war," says CNN columnist isdora. "no matter what you do in the United States, you should now be aware of the risks and shocks tha are coming." Oxford economics, a think-tank, has made a tactical evaluations, If trump imposes a 25% tariff on $60 billion in Chinese goods, China's economic growth rate is likely to fall by 0.1% this year, but the US economy will suffer more frome its own damage.


The US starts a trade war with China may do harm to the global economic recovery, the global economic outlook is likely to be less lear and gobalisation may suffer more. The U.S tries to balance economic and trade relation in a trade war that may not bring more benefits to American businesses and the general public.