China remains the main target of the Trump administration’s tariff war. However, it reportedly is affecting American consumers as much as Chinese producers. This is demonstrated by a study by the United Nations Conference on Trade and Development (UNCTAD) published on 5 November.
US sanctions, applied since mid-2018, have resulted in a reduction of more than 25% in imports of products subject to additional duties, UNCTAD reveals in its analysis. They are economically damaging to both...