In the last 10 days the business news has been peppered with reports about the escalation of a US-China trade war. Trade war outcomes are no longer entirely predictable and there are two reasons for that. Almost any consumer item you can think of is made up of multiple components, some of which are manufactured using components and raw materials, which - in turn - are sourced from different countries. Therefore, estimates of the impact of a trade war can be skewed. It’s far harder to predict who will be the hardest hit in the trade war between China and the US.

Source: Irish Examiner May 20, 2019 06:00 UTC