unctad.org | New UNCTAD Study: Trade Effects of Us Tariffs on China
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New UNCTAD Study: Trade Effects of Us Tariffs on China

Geneva, Switzerland, (04 November 2019) -

Geneva, 4 November 2019 – US tariffs on China are hurting both countries economically. They have resulted in a sharp decline in bilateral trade, higher prices for consumers and trade diversion effects – increased imports from countries not directly involved in the trade war.

A new UNCTAD study finds that consumers in the US are bearing the heaviest brunt of the US tariffs on China, paying higher prices for imported goods, though Chinese firms have recently started absorbing part of the costs of the tariffs by reducing the prices of their exports.

While China is losing billions in the raging trade war, some economies are gaining. The study lists these beneficiaries of the trade diversion effects of US tariffs on China and how much they have each gained.

Press conference in Geneva:

With

  • Alessandro Nicita, Economist, Division on International Trade, UNCTAD

Tuesday, 5 November 2019 at 14:00.

Press Room 1, Palais des Nations, Geneva

 

  • Journalists with access to the UNCTAD virtual newsroom may download press releases and summaries of UNCTAD reports.
  • Access to the virtual newsroom requires a password. To obtain one, please fill out this online form.
  • After the lifting of the embargo, documents related to the report will be available on the main UNCTAD website.

 

For further information or to request interviews with UNCTAD experts, please contact the UNCTAD Press Office (+41 22 917 5549/8033/5828, +41 79 502 43 11 or unctadpress@unctad.org).


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