China-US Trade Friction: Experts believe trade tensions benefit no one

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Reactions have been mixed from around the world with many experts worried about escalating trade tensions between China and the US.

LIAO QUN ECONOMIST "If the trade frictions turn into a trade war, it will be detrimental to China, the US, the Asian market and the rest of the world. Now it is an era of globalization. The US move is targeting China alone, but since the production of Chinese goods involves partners from other countries, a trade war between the two countries would eventually turn into a global one."

HONG HAO, MANAGING DIRECTOR BANK OF COMMUNICATIONS INTERNATIONAL"The US mid-term elections are approaching. I think the trade frictions are not Trump's real intention. His move is aimed at appealing to more voters for the upcoming election. The trade dispute is just his excuse to get more access to the Chinese market."

ROBERTO JAGUARIBE, PRESIDENT BRAZILIAN TRADE AND INVESTMENT PROMOTION AGENCY "There is no doubt a trade war is negative for the whole world. But in general, trade friction benefits no one."