Economics, Econometrics and Finance
5 years ago

Trade War Devastates US and China, Hurts Global Economy

RePEc: Research Papers in Economics
Economic Effects of the USA - China Trade War: CGE Analysis with the GTAP 9.0a Data Base
Enkhbayar Shagdar, Tomoyoshi Nakajima

Paper Summary

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The USA-China trade war will hurt both countries, causing them to lose money and shrink their economies. China will suffer more than the USA. Other countries will benefit slightly, but not enough to make up for the losses of the two big players. Overall, the global economy will be worse off because of this trade war.