13:23, 08-Apr-2018
US-China Tariffs: Finance & economics experts warn of potential harm from trade war
[]
Share
Copied
The trade dispute between China and the United States continues to intensify. Beijing has pledged to counter-attack President Trump's plans of levying 100-billion US dollars worth of tariffs on Chinese goods. Experts are weighing in on the impact of a possible trade war.
MARTIN JACQUES BRITISH ACADEMIC "This is a bad turn of events for China, for the United States, and for the global economy. The global economy has benefited from freer trade. There is no doubt about that."
ERLEND EK CHINA POLICY CONSULTANCY "China for us looks quite strong in that it can take the hit if needs be. That means that they don't need to back down."
DICKIE WONG KINGSTON FINANCIAL GROUP "Trade war will not only hurt the economic recovery and generally speaking everywhere in the world, but it will definitely hurt U.S. economy itself because trade war will definitely drive up prices, consumer prices."