Alexander Wyatt-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: