Tariffs could cost millions of Chinese jobs, boost US prices
From CNN Business' Michelle Toh in Hong Kong
The latest US tariffs could lead to as many as 2.1 million job losses in China over the next few years, according to new estimates.
They could also drag down Chinese exports by another 2.7%, Citi analysts Li-Gang Liu, Xiaowen Jin and Xiangrong Yu wrote in a report published Friday.
"Such a move won’t be costless to the US, either," they added.
Given the new tariff list would cover massive imports of consumer goods, often produced by US [multinational corporations], from China, we believe the tariffs’ impact on US inflation will be more significant."