Taiwan, E.U, Mexico, & Vietnam greatest beneficiaries of persistent China, US trade war – UNCTAD

SWIZTERLAND–   United Nations Conference on Trade and Development (UNCTAD) has released a report showing that the current revealing tariffs imposed by the United States on China are causing trade diversion effects where countries not directly involved in the trade war are benefiting from increased imports. The report, Trade and trade diversion effects of United States tariffs on China shows that US tariffs caused a 25% export loss, inflicting a US$35 billion blow to Chinese exports in the US market for tariffed goods in the first half of 2019. Of the…

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