China, the US and trade: What next?

Feb 23, 2017

A ship is loaded with containers at Sydney's Port Botany container terminal March 4, 2013. Australia's trade deficit shrank by much more than expected in February to its smallest in 14 months thanks to higher prices for resource exports, a likely boost to profits and incomes that also gave the local dollar a lift. Wednesday's figures from the Australian Bureau of Statistics showed exports climbed 3.3 percent overall to a seasonally adjusted A$25.64 billion, the highest total in eight months. Earnings from farm goods, coal, metals and iron ore all increase in the month thanks in part to rising prices. Picture taken March 4, 2013. REUTERS/David Gray (AUSTRALIA - Tags: BUSINESS) - RTXY7G5

A trade war between China and the US can only do economic damage to both countries. Image: REUTERS/David Gray

Jin Keyu

Professor of Economics, London School of Economics and Political Science

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