News Snapshot:
US economy will lose billions due to anti-China policy 18.02.2021 16:36 Share < > U.S. companies and the economy as a whole would lose hundreds of billions of dollars if investment in China is halved or if a new round of reciprocal customs duty increases This is said in a study by the U.S. Chamber of Commerce. Analysts predict that a 2-fold reduction of foreign direct investment in China would reduce investors’ capital by $25 billion. And while US manufacturers would benefit from such a decision, the US GDP would suffer a loss of $500 billion. “Separating the two huge...
