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Explained: How a Sino-US trade war can hurt growth in China and beyond

Morgan Stanley estimates that world trade could be seriously disrupted as two-thirds of goods traded are linked to global value chains

Reuters  |  Hong Kong 

The United States is due to impose tariffs on $34 billion of goods it imports from China on Friday. Tariffs on an extra $16 billion may come later.  Beijing has said it will retaliate in equal measure. US President Donald Trump has threatened to impose tariffs on an additional $200 billion if China retaliates, and then an extra $200 billion upon further ripostes. China imported $130 billion of US goods last year, while the United States purchased goods worth $506 billion from China, according to US data.    ALSO READ: Trump threatens China with tariffs ...

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First Published: Fri, July 06 2018. 09:08 IST
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