The US has imposed 10 per cent tariffs on US$200 billion worth of Chinese exports, and had threatened to increase them to 25 per cent on January 1, before agreeing to a 90-day ceasefire. Photo: Reuters

Trade war can seriously derail China economic development, says Mohamed El-Erian

  • China could slip into middle income trap if trade war persists
  • By ending trade war, China can regain economic momentum, says Mohamed El-Erian
Topic |   US-China trade war

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The US has imposed 10 per cent tariffs on US$200 billion worth of Chinese exports, and had threatened to increase them to 25 per cent on January 1, before agreeing to a 90-day ceasefire. Photo: Reuters
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