US-China trade war shocks cost global value chains 3-5 years of growth, United Nations study says

//US-China trade war shocks cost global value chains 3-5 years of growth, United Nations study says

US-China trade war shocks cost global value chains 3-5 years of growth, United Nations study says

Trade shocks fuelled by unilateral tariffs between the United States and China have undone three to five years worth of growth among global value chains in affected countries, according to a United Nations policy brief.The report from the UN Development Programme looking at the post-pandemic future of global value chains found that trade within those supply lines shrank in absolute terms along with other types of trade.Still, they will remain at the core of economic recovery in the Asia-Pacific…

Article by [author-name] (c) China - South China Morning Post - Read full story here.

By | 2021-06-19T14:00:00+00:00 June 19th, 2021|Headlines|Comments Off on US-China trade war shocks cost global value chains 3-5 years of growth, United Nations study says