How much, if any, is the U.S.-China trade dispute contributing to slowing GDP growth in the European Union?
US cHina Trade has largely caused widescale fluctuations in markets and have resulted in dwindling relations with US and EU because of strategic partnerships with China in commodity markets specifically .
This has led to loss of trade and reduced exports in EU with USA. The expected growth in EU priorly was 2% but now has been forecasted at 1.7% due to rising tension between US and China as per IMF. Also world growth has been forecasted to grow at 3.7% from 3.9% earlier due to Trump administration sanctions and tarriffs on China and various economies like Iran.
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