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)
Topic |   US-China trade war: All stories

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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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Donald Trump said he hoped to meet Xi Jinping to finalise a deal. Photo: AFP

US and China may seek to extend trade war truce before Donald Trump and Xi Jinping meet to finalise deal

  • The upbeat tone after the latest round of talks in Washington has raised hopes of an agreement to cut tariffs
  • US president has talked up prospects of meeting his Chinese counterpart to strike a final deal
Topic |   US-China trade war

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Donald Trump said he hoped to meet Xi Jinping to finalise a deal. Photo: AFP
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