Takahide Kiuchi, Executive Economist at Nomura, notes that the US-China trade war has escalated, with the two countries slapping tit-for-tat retaliatory tariffs on each other. Key Quotes “In a worst-case scenario, the two countries could end up imposing additional tariffs averaging around 10% on all imported goods from the other country. According to estimates by the Organisation for Economic Cooperation and Development (OECD), that worst-case scenario would reduce US GDP by 2.2% and China’s GDP by 1.7%.” “Combining the OECD estimates with the macroeconomic model published by Japan’s Cabinet Office, US-China trade frictions could reduce bystander Japan’s GDP by 1.9%, a negative impact somewhere in between the impact on the economies of the two directly involved parties.” “Moreover, given the expansion of the global value chain and the complicated global trade system, the negative impact on economic activity in third-party nations, including Japan, may not be fully captured by the estimates generated by these models.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD: A Monthly Close Below 0.7315/30 Would Target 0.6800/50 – NAB Yohay Elam 4 years Takahide Kiuchi, Executive Economist at Nomura, notes that the US-China trade war has escalated, with the two countries slapping tit-for-tat retaliatory tariffs on each other. Key Quotes "In a worst-case scenario, the two countries could end up imposing additional tariffs averaging around 10% on all imported goods from the other country. According to estimates by the Organisation for Economic Cooperation and Development (OECD), that worst-case scenario would reduce US GDP by 2.2% and China's GDP by 1.7%." "Combining the OECD estimates with the macroeconomic model published by Japan's Cabinet Office, US-China trade frictions could reduce bystander Japan's GDP by 1.9%,… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
