For many companies the effects of the US and China imposing tariffs on all their bilateral trade would be substantial. But the macroeconomic consequences for the two countries, let alone the wider world, would be surprisingly small. Both are fairly closed economies, and trade volumes should hold up well.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services