Data from the US Census Bureau showed that bilater

eral merchandise trade between the two countries has declined by more

than 15 percent since September 2018, when the second round of tariffs went into effect.

“This has also impacted global value chains in East Asia and other trading partners,” the report said.

“We’ve seen the trade tariffs that have been introduced on both sides have already been damaging trade,” said Dawn Holl

and, chief of the Global Economic Monitoring Branch in the UN Department of Economic and Social Affairs.

Holland said the adverse effects of trade tensions on economic growth in China “has been partly offset by some stimulus measures”.

According to the report, growth in China is projected to moderate gradually from 6.6 percent in 2018 to 6.3 percent in 2019, and 6.2 percent in 2020.

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