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Rather than boosting prices in the short-run, the production agreement could result in less volatility and more stable conditions for the market to recover.

We attempt to evaluate the impact of the newly announced 25% tariff on Chinese imports of USD 50 billion from the perspective of global value chain. The result shows that the newly proposed punitive measure from the US side can have limited impact on China’s growth and exports, even to a much less extent on other countries …