US Has Most to Lose from Trade War, China Would Benefit: ECB

(From Reuters)

The United States would have most to lose if it started a trade war with other countries, while China would be better off after retaliating, a simulation by the European Central Bank showed on Wednesday. . . .

The ECB study simulates a 10 percent U.S. tariff on all imports and an equivalent retaliation from other countries.

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