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US-China trade war uncertainty could cost global economy $585 billion

Uncertainty over trade could lower world gross domestic product by 0.6% in 2021 as the US-China trade war could see a loss of $585 billion in the coming years. According to reports, China would be hit harder by the uncertainty factor, with its GDP lower by 1% compared with 0.6% taken out of the United States' economic output. Bloomberg economists feel President Trump's tweet is mightier than the tariff.