The escalating trade war between the United States and China will dampen the economic growth prospects of both countries.
The brinkmanship between Beijing and Washington also has the potential to reduce US exports of oil, coal and LNG. In July, the US implemented additional tariffs of 25% on $34 billion worth of Chinese imports. The move was swiftly followed by China imposing its own 25% levy on US imports worth $34 billion. A US proposal to place tariffs on another $16 billion worth of Chinese goods...
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