There are other potential consequences. China is the world's biggest manufacturing nation and is producing far more than its population consumes domestically. It is already running an almost $1tn goods surplus – meaning it is exporting more goods to the rest of the world than it imports.
lørdag 12. april 2025
What would a US-China trade war do to the world economy? 18 hours ago
The US and China together account for such a large share of the global economy, around 43% this year according to the International Monetary Fund. If they were to engage in an all-out trade war that slowed their growth down, or even pushed them into recession, that would likely harm other countries' economies in the form of slower global growth. Global investment would also likely suffer.
There are other potential consequences. China is the world's biggest manufacturing nation and is producing far more than its population consumes domestically. It is already running an almost $1tn goods surplus – meaning it is exporting more goods to the rest of the world than it imports.
There are other potential consequences. China is the world's biggest manufacturing nation and is producing far more than its population consumes domestically. It is already running an almost $1tn goods surplus – meaning it is exporting more goods to the rest of the world than it imports.
