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Zero Hedge: These Are The Biggest Losers If Trade War Breaks Out Between The US And China
With China growing increasingly nervous about the prospect of a trade war with the US, the nation’s official mouthpiece People’s Daily warned that a trade war between China and the United States would harm both countries, reflecting concerns over Trump’s stated protectionist, anti-China stance.
“If a trade war developed between the two countries, both China and the U.S. would be negatively impacted,” the newspaper said in a commentary. “In the end neither side would win, it would bring harm to other countries and that harm would be brought to others without benefits to the U.S. or China.”
As both China and the U.S. are major players in global supply chains and value chains, numerous countries would be gravely impacted from a trade war, the article added.
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Update: Trade war between China and the US is a lose-lose: Chinese state media (CNBC/Reuters)
WNU Editor: Vietnam’s position …. from near zero just a few years ago to #6 on the list is because of Chinese companies investing manufacturing companies in Vietnam to export products to the U.S. …. which is why Vietnam is now freaking-out over the U.S. withdrawal from the TPP trade agreement that would have given them open access to U.S. markets. The above list also gives us all a clear idea on who President Trump is going to zero in on in trying to decrease America’s trade balance. My prediction …. the U.S. has the markets that everyone wants …. and as I have been telling my friends in China and Germany …. if you want to maintain your U.S. markets expect hard-nose discussions from the Trump administration to start happening in the coming months.