'Both parties lose from the trade war, but the numbers suggest that the damage to the U.S. side is greater, in percentage terms,' says the PAG chairman.
. Both sides are hoping Trump and Chinese President Xi Jinping are able to meet and sign the phase one of the trade deal at the Asia-Pacific Economic Cooperation summit next month in Chile.an op-ed in "Foreign Affairs"
However, Shan wrote, "The tariffs did not compel Chinese exporters to reduce their prices; instead, the full cost of the tariffs hit American consumers."
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