US and China Affected:

 

How the trade war has affected the US and Chinese economies:

The trade war has already affected the US and Chinese economies.

America’s gross domestic product, the broadest measure of the US economy, showed its first quarterly contraction since early 2022, as importers raced to bring in goods before punishing tariff rates kicked in.

As for China, its exports to the US fell sharply last month, impacting the country’s enormous manufacturing industry.

Chinese factory activity contracted at its fastest pace in 16 months in April, adding urgency to Beijing’s efforts to roll out fresh economic stimulus.

On Friday, US port officials told CNN that not a single cargo vessel had left China with goods for the two major West Coast ports over the past 12 hours. That hasn’t happened since the Covid-19 pandemic.