THE EFFECT OF USA AND CHINA TRADE WAR ON GLOBAL ECONOMY
Abstract The aim of the study is to examine the effects of the USA and China trade war on both countries and some emerging economies. Two scenarios are examined, one where only US protectionist measures are considered, and another in which Chinese retaliation is taken into account, using the GTAP (Global Trade Analysis Project) Computable General Equilibrium model. The results showed that, on one hand, the trade war would lead ...
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