The trade war could slash output in the US, China, and across the world

  • Further escalation in the US-China trade war could slash global GDP by $600 billion within two years, according to Bloomberg Economics.
  • If Trump slaps tariffs on virtually all Chinese goods, China retaliates, and equity markets drop 10%, worldwide GDP could fall 0.6% by mid-2021, the study says.

Source: The trade war could slash output in the US, China, and across the world

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