France and Germany could be the biggest beneficiaries in an escalation in trade tariffs between the U.S. and China, Barclays economists have projected.
on the remaining $300 billion of Chinese imports if the world's two largest economies fail to agree a trade deal.
"Our comparison of China's import structure across its main trading partners reveals that France, Germany and the U.K. are the closest 'U.S. proxies' in terms of relative sectoral decomposition of their exports to China," Keller's note said.Barclays' new baseline global trade scenario assumes a full-blown trade war which would see the U.S.
On a sectoral level, China's imports from the U.S. are concentrated in transport equipment, electronics and chemicals.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China prepared for long trade fight with the U.S.: party journalThe United States has underestimated the Chinese people's will to fight a t...
Read more »
Trade War Update: Market Not Prepared For More China TariffsFitch says global growth will be even worse if Trump slaps China with tariffs on everything.
Read more »
Fed may cut rates near zero if U.S.-China trade worsens: Morgan StanleyThe Federal Reserve may lower U.S. interest rates to near zero by the spring of ...
Read more »
Trade War Update: Market Not Prepared For More China TariffsFitch says global growth will be even worse if Trump slaps China with tariffs on everything.
Read more »
Wilbur Ross Tempers Expectations of U.S.-China Trade Deal at G-20Commerce Secretary Wilbur Ross played down prospects of a major trade deal if President Trump and China’s President Xi Jinping meet at the Group of 20 summit this month, but he said he believes the two sides will ultimately get back to negotiations.
Read more »
Analysis: How strong is the Russian-Chinese alliance?Despite an increase in ties between the two countries, Russia still remains a minor partner for China, which, for now at least, has much stronger trade with the US and EU.
Read more »