Trade tensions stirred up by the US are overshadowing the growth prospects of the country's two largest trading partners: The European Union (EU) and China.
In fact, it seems like growth is taking place in the exact opposite direction to what the US expected following their implementation of tariffs on another 200 billion US dollars of Chinese imports on Monday. to which China retaliated with counter-measures a day later.
Trade ties between the US and the EU are on shaky ground as well, as the two sides rush to hammer out a new trans-Atlantic trade deal. There are no signs that the Trump administration will change course on its protectionist policies any time soon and because of that, China and the EU have been left to uphold the multi-lateral trade system.
Economists and top officials from both sides sat down on Tuesday for a discussion on the challenges and opportunities they are facing as trade disputes with the US drag on. Let's hear what they said.
