About This Source - CGTN
This story is an English language news item from CGTN. CGTN is a Chinese state-funded broadcaster.
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CGTN published this video item, entitled “Report: China-U.S. trade war costs peak loss of 245,000 U.S. jobs” – below is their description.
The trade war on China has reduced U.S. economic growth and employment, rather than benefiting the economy. A report commissioned by the U.S.-China Business Council said the trade war has actually resulted in an estimated peak loss of 245,000 U.S. jobs, and that further decoupling between the two countries could lead to even greater losses. Trump has claimed trade wars are easy to win, so why has this one taken such a severe toll on the U.S. itself?
Guests: Matthew Margulies, Vice President of China Operations, U.S.-China Business Council; Wang Dan, Chief Economist, Hang Seng Bank (China)CGTN YouTube Channel
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