Report: China Is Picking Up The Tab For Trump’s Trade War

China appears to be taking the brunt of the economic impact of President Donald Trump’s trade war, at least according to a paper published by EconPol Europe.

The paper, authored by Benedikt Zoller-Rydzek and Gabriel Felbermayr, asserts that American consumers and U.S.-based companies will only absorb 4.5 percent of the 25 percent tariff increase imposed on China — the remaining 20.5 percent will be picked up by China — and this applies to $250 billion in Chinese goods.

Critics argue that the real impact has only begun to take its toll on Amerian farmers, in particular with regard to soybeans.

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