US-China trade war: UN warns of ‘massive’ impact of tariff hike



BBC News

A UN trade official has warned a US plan to raise tariffs on Chinese goods next month would have “massive” implications for the global economy.

The US plans to increase tariffs on Chinese goods if the two sides fail to make progress on a trade deal by 1 March.

The comments followed a report by a UN trade agency on the impact of the US-China trade war.

It said Asian countries are likely to suffer most from protectionism.

The US and China are locked in a damaging trade dispute that has seen both sides levy tariffs on billions of dollars worth of one another’s goods.

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