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)
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US-China trade war: All stories
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