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· Taiwan ranks second in world’s top 10 hardest hit economies by trade war

The US-China trade war started on July 6th. In addition to the US and China both were affected by trade war, other countries and markets that provided raw materials and intermediate manufacturing processes were also affected as the global value chain was now tightly integrated.

Pictet Asset Management in London had listed the top ten hardest hit economies under this trade war based on the participation rate in global value chains released by WTO. Among them, Luxembourg ranked first in the top ten hardest hit economies by trade war, and Taiwan ranked second. 

Here were the top ten hardest hit economies under this trade war: Luxembourg (participation rate: 70.8%), Taiwan (participation rate: 67.6%), Slovakia (participation rate: 67.3%), Hungary (participation rate: 65.1%), Czech Republic (participation rate: 64.7%), South Korea (participation rate: 62.1%), Singapore (participation rate: 61.6%), Malaysia (participation rate: 60.4%), Iceland (participation rate: 59.3%), and Ireland (participation rate: 59.2%).

Source: yieh

 

Jul 11, 2018 09:32
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