"Trade and economic relations between the two countries are of great significance for world economy," said the ICCB quoting the editorial of its current news bulletin released yesterday. "The tariff fight between the two countries is often cited as the biggest risk to global investor confidence and a threat to the world economy," said the ICCB. According to the recently released White Paper by China, regarding trade and economic frictions with the US, trade between the two states reached $583.7 billion in 2017. There have been warnings from both the private and public sectors about the potential spillover effects on the world economy of the ongoing trade war between the two world economic powers. The ICCB said a trade war cannot help the entrenchment of trust and constructive cooperation in the US-China relations.

Source: Dhaka Tribune February 18, 2019 16:30 UTC