Alex Mackle, Senior Economist at Oxford Economics joins China Global Television Network’s Guan Xin to discuss the impact of the US-China trade war.
This interview examines how President Donald Trump’s trade war with China has caused a peak loss of 245,000 U.S. jobs. Our study estimates a significant decoupling of the world’s two largest economies could shrink U.S. GDP by $1.6 trillion over the next five years.
This could result in 732,000 fewer U.S. jobs in 2022 and 320,000 fewer jobs by 2025. But a gradual scaling back of tariffs on both sides would boost growth and lead to an additional 145,000 jobs by 2025.
Watch and listen to the video interview below:
You may be interested in
Australia: RBA hike by another 25 bps as the fight against inflation continues
The RBA has raised its cash rate target by a further 25 basis points, taking it to 4.1%. Although inflation has peaked, the RBA board is still clearly uncomfortable with its brisk pace.Find Out More
BIS Oxford Economics to be rebranded as Oxford Economics Australia
Over the past six years we've maintained the unique modelling and analysis that clients and the media have come to rely on from BIS Shrapnel while incorporating Oxford Economics' rigorous global modelling and analytical framework to complement it," said David Walker, Director, Oxford Economics Australia.Find Out More
Introducing our renovated African Forecasting Service
From economy to politics, investment to operation, fuel your business growth by leveraging our complete Africa solutions.Find Out More