AdvertisingHere is a look at the impact the US-China trade war has had so far on the two economies and the rest of the world. Cumulatively, in the first quarter of 2019, Chinese imports fell almost a third year-on-year, while exports fell almost a tenth. In dollar terms, a decline in two-way trade of $25 billion accounts for around 0.5 per cent of global trade. For refrigerators, imports from China fell 24.1 per cent, but South Korea and Mexico each saw 32 per cent jumps. Tire imports from China fell 28.6 per cent, while those from Vietnam surged 141.7 per cent.

Source: Indian Express May 06, 2019 09:29 UTC