mo4ch:>US-China trade war could cost global economy $600 billion | Mo4ch News

Whoever wins the bitter trade row between the two biggest world economies, the US or China, the consequences are set to spread far beyond… erasing up to $600 billion off global GDP, according to a Bloomberg forecast.Trade representatives from Washington and Beijing had been soothing the markets as they indicated that they were on the verge of a deal, before the trade war reignited two weeks ago. After the two sides introduced tit-for-tat tariff hikes, the trade conflict then turned into a technological war as the Trump administration blacklisted Chinese telecom giant Huawei and has been pressing its overseas allies to ditch the company’s 5G equipment.Also on rt.com‘Stupid economics’: Attack on Huawei tells world to avoid doing business with US - Prof. WolffAlready-flaring trade tensions still have room to escalate. For example, the tariffs may be further expanded to all US-China trade, dragging markets down. Such a scenario would cost global GDP some $600 billion when the impact reach…