No early win­ners

The Africa Report - - BRIEFING -

Wash­ing­ton has im­posed tar­iffs on $250bn of Chi­nese ex­ports in or­der to get Bei­jing to make con­ces­sions on trade and com­mer­cial prac­tices, but so far there are no win­ners in the tit-for-tat trade war. The World Bank warns that an es­ca­la­tion of the tar­iff fight could re­duce global ex­ports by 3%. Nei­ther side is back­ing down, ne­go­ti­a­tions have not been ad­vanc­ing and both sides will soon be faced with a choice about whether to es­ca­late the dis­pute.

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