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China-US trade war escalates, both sides set to lose

Author
Newstalk ZB,
Publish Date
Fri, 10 May 2019, 6:53AM
Donald Trump is standing by plans to introduce new tariffs against China tonight. Photo / AP

China-US trade war escalates, both sides set to lose

Author
Newstalk ZB,
Publish Date
Fri, 10 May 2019, 6:53AM

The United States and China are both set to lose from the latest escalation in their trade war.

China's chief negotiator has arrived in Washington, hoping to appeal to the United States to meet China halfway on a trade deal.

But Donald Trump is standing by plans to introduce new tariffs against China tonight.

Northwestern University China expert, William Hurst, told Kate Hawkesby both sides are set to lose, if the tariffs proceed.

"Lots of things in the US will become more expensive, it will become harder to export a lot of things to China and for people in China certain things have already become much more expensive, like pork."

He said China won't be willing to accept all of Trump's demands.

"The overall effect certainly is negative, but the risks of complying with what the US seems to be demanding, I think from China's point of view are even greater."

 

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