Source: Michael Hirtzer, Reuters News Service, Tom Polansek, Producer.com, December 31, 2018
CHICAGO, Ill. (Reuters) — The U.S.-China trade war resulted in billions of dollars of losses for both sides in 2018, hitting industries including autos, technology and above all, agriculture.
Broad pain from trade tariffs outlined by several economists shows that, while specialized industries including U.S. soybean crushing benefited from the dispute, it had an overall detrimental impact on both of the world’s two largest economies.
