A full-blown trade war between the US and China could mean global GDP decelerates by more than 100 basis points, and major global equity indices tumble by more than 20 percent. UBS have modelled three scenarios assess what ongoing trade disputes might do to the global economy.
The content in this video was relevant on August 20th 2018. Current views may differ.
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If the US put tariffs on Chinese goods, the impact would be felt way beyond the borders of both countries. China is the world’s biggest exporter, but it’s also the second biggest importer, with many of those imports coming from other Asian countries.
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