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The US-China ‘Trade War’: At what cost? – ANNULÉ

Accueil/The US-China ‘Trade War’: At what cost? – ANNULÉ
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Conférence de M. HUANG Yi, professeur associé, IHEID
«The Trump administration raised the stakes in a trade dispute with China by proposing a 10% tariff on $200 billion of Chinese goods on 10 July 2018. These tariffs were in addition to $50 billion already officially imposed on China. The Ministry of Commerce of China immediately responded, warning of similar retaliation. But while tariffs can reduce competition from foreign firms at home, they can also raise the costs of imported inputs for domestic firms, leading domestic consumers and firms that depend heavily on foreign produced goods to suffer.
So, what are the costs of the trade war between the US and China? Are there any spillover effects to Europe, Japan, Korea and the rest of the world? This lunch briefing will examine the economic costs and the financial market responses to the Trump administration’s initial and subsequent tariffs on imports from China.»