Trump's Re-election Could Escalate US-China Trade War, Risking Full-blown Trade War with 'Enormous Economic Costs'

Benzinga

Trump is expected to significantly ramp up the US-China trade war and accelerate efforts to decouple the two economies, if he wins the upcoming presidential election.

Transcript

00:00It's Benzinga, and here's what's on the block.

00:03Trump is expected to significantly ramp up the U.S.-China trade war and accelerate efforts

00:07to decouple the two economies if he wins the upcoming presidential election.

00:11Trump would likely increase tariffs on Chinese imports, disregarding warnings this could

00:15hurt the U.S. economy.

00:17Harris would likely continue Biden's more multilateral approach, focusing on limiting

00:21China's access to key technologies through export controls rather than broad-based tariffs.

00:27Harris warned that heightened tariffs risk a full-blown trade war with enormous economic

00:31costs for both sides and little prospect of meaningful concessions from China.

00:35For all things money, visit Benzinga.com.

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