The United Nations organisation estimated that European companies are likely to capture about US$70 billion in trade – about US$50 billion in Chinese exports and US$20 billion in US exports – that have traditionally passed between the world’s two largest economies. Photo: Reuters
The United Nations organisation estimated that European companies are likely to capture about US$70 billion in trade – about US$50 billion in Chinese exports and US$20 billion in US exports – that have traditionally passed between the world’s two largest economies. Photo: Reuters

European Union likely to profit the most from US-China trade war, UN group says

  • European companies likely to capture US$70 billion in trade because of the dispute between President Xi Jinping and American counterpart Donald Trump
  • Japan, Mexico and Canada also likely to benefit from tensions, according to the United Nations Conference on Trade and Development (UNCTAD)

The United Nations organisation estimated that European companies are likely to capture about US$70 billion in trade – about US$50 billion in Chinese exports and US$20 billion in US exports – that have traditionally passed between the world’s two largest economies. Photo: Reuters
The United Nations organisation estimated that European companies are likely to capture about US$70 billion in trade – about US$50 billion in Chinese exports and US$20 billion in US exports – that have traditionally passed between the world’s two largest economies. Photo: Reuters
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