These Are The Biggest Losers If Trade War Breaks Out Between The US And China

With China growing increasingly nervous about the prospect of a trade war with the US, the nation’s official mouthpiece People’s Daily warned that a trade war between China and the United States would harm both countries, reflecting concerns over Trump’s stated protectionist, anti-China stance.
“If a trade war developed between the two countries, both China and the U. S. would be negatively impacted,” the newspaper said in a commentary. “In the end neither side would win, it would bring harm to other countries and that harm would be brought to others without benefits to the U. S. or China.”
As both China and the U. S. are major players in global supply chains and value chains, numerous countries would be gravely impacted from a trade war, the article added.

This post was published at Zero Hedge on Jan 25, 2017.