US President Donald Trump could meet Chinese counterpart Xi Jinping at the G20 summit in Japan in June. Photo: EPA

Consumers are ‘unequivocally the losers’ in US-China trade war, says IMF

  • Research from the International Monetary Fund finds that US importers ‘almost entirely’ bear the cost of tariffs, which are then passed on to the consumer
  • Latest round of tariffs contains goods which are not easily substituted by imports from other markets, which analysts say will further hit consumers
Topic |   US-China trade war

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US President Donald Trump could meet Chinese counterpart Xi Jinping at the G20 summit in Japan in June. Photo: EPA
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