The old adage tells us no one wins a trade war. And so, consumers would also be the clear losers in any trade war where the two biggest economies in the world ratchet up tit-for-tat sanctions. China says it does not want a trade war, but won't shrink from one either. "The threat of a global trade war is real. That's why, despite the scary headlines, the likelihood of a trade dispute between the world's two largest economies escalating into a global trade war is still pretty low.

Source: CBC News March 24, 2018 07:52 UTC