General World News

UN: Trump Tariffs Cost China $35B, Hurt Both Economies

A trade war between the world’s top two economies cut U.S. imports of Chinese goods by more than a quarter, or $35 billion, in the first half of this year and drove up prices for American consumers, a U.N. study showed on Tuesday.

Beijing and Washington have been locked in a trade feud for the past 16 months although there are hopes that an initial deal offering some relief may be signed this month.

If that fails, nearly all Chinese goods imports into the United States — worth more than $500 billion — could be affected.

U.S. imports from China subject to tariffs read more >>>

Source:: VOANews.Com