If trade disputes between the United States and China were to spiral into total export-import bans, both nations’ economies would be devastated. But China’s economy, which relies on exporting products that can be manufactured elsewhere, would suffer far more and for far longer, researchers have said.
According to Dartmouth professor Stephen Brooks, if the United States and its allies were to impose “an economic cutoff” on China, it would cause five to seven times more damage to the Chinese economy than to the U.S. economy and China’s gross domestic product (GDP) would degrade by 15 percent to 51 percent within a year.
