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Who is winning the US-China trade war?

The conflict will get worse before it gets better 

By George Magnus  

Photo: Artyom Ivanov/Tass/PA Images

Ahead of the planned meeting between President Trump and President Xi Jinping at the G20 summit in Buenos Aires at the end of this week, it is time to ask: who’s winning the trade war that kicked off in June, and could the two presidents reach a deal?

Contrary to what Trump asserts, no one wins a trade war. The objective is to inflict more damage on your counterpart than they do on you. Trade wars lower output and dynamism and raise prices for consumers and firms. The OECD recently released a report…

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