US-China Trade War Devastates Both Economies, Boosts Rivals
The article looks at how the trade dispute between the US and China affects the economy using a complicated computer model. They made predictions based on different scenarios, like things staying normal, or a small or big trade conflict between the two countries. Scenario 1 showed a slight drop in the economies' GDP, jobs, and spending. Scenario 2, the worst case, led to bigger drops in these areas. Other countries in Asia could benefit from the dispute by selling more goods to China. However, some Asian industries might struggle if they usually sell to China.