Moody's analysis of the Asia-Pacific chief economist Steve Cochran pointed out in an interview on April 6 that the United States will be more vulnerable to the negative impact of the trade war than China.
Cochrane took soybeans as an example and pointed out that China's import sources are very widely distributed around the world and are not highly concentrated in a certain country - so imports from the United States can be replaced, but this will make related industries in the United States very painful. Cochran also predicts that if the trade war continues, the United States may soon fall into a recession, which may last for a year or even longer.
[Editor in charge: Liu Yang]
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