Containers sit in Qingdao, Shandong province, China. Donald Trump has taken the trade war with China to a whole new level, with additional tariffs on US$200 billion in Chinese goods. Photo: Xinhua
Aidan Yao
Opinion

Opinion

Macroscope by Aidan Yao

The worsening US-China trade war might cost the world much more than US$430 billion of lost GDP

Aidan Yao says the US-China trade war threatens to be a drawn-out affair, pulling down the global economy. The IMF has put the cost of the conflict at 0.5 per cent of world GDP, but there might be more serious consequences ahead

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Containers sit in Qingdao, Shandong province, China. Donald Trump has taken the trade war with China to a whole new level, with additional tariffs on US$200 billion in Chinese goods. Photo: Xinhua
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