Trump is winning the trade battle with China, but China could still win the war - Business Insider
Business Insider - Thu 10 Jan 19:44 GMT

Trump is winning the trade battle with China, but China could still win the war - Business Insider

China has been throwing all sorts of stimuli at its slowing economy to counteract President Donald Trump's trade war. In the long term, it could work.

  China's economy has taken a beating in recent weeks amid the US-China trade war.

  "So far, the trade war has had a much bigger impact on Chinese growth than US growth," Bank of America Merrill Lynch says.

  "So far, the trade war has had a much bigger impact on Chinese growth than US growth," Bank of America Merrill Lynch said in a recent note.

  Read more: The US could lose its crown as the world's most powerful economy as soon as next year, and it's unlikely to ever get it back And now the US is feeling the pinch, too At the same time, the trade war is starting to be more keenly felt in the US.

  While Apple dominated headlines after blaming its weakened sales outlook on a slowdown in the country, a chorus of other US corporates have been sounding the alarm for months: The shipping company Maersk, Ford, the agricultural giant Cargill, and General Motors have all blamed either a China slowdown or the trade war specifically for earnings woes.