SWITZERLAND MORE EXPOSED TO TRADE WAR THAN THE U.S. OR CHINA, SAYS INDOSUEZ WEALTH MANAGEMENT CHIEF ECONOMIST

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As the United States and China get closer to a trade war, the two superpowers will not be the biggest losers if such a conflict eventually occurs and spreads globally. Countries that rely on trade the most will take the hardest hit, warns Marie Owens Thomsen, global chief economist at Indosuez Wealth Management. And among those nations is Switzerland. Exports and imports represent 120 percent of the Swiss GDP, while it’s only 37 percent for China and 27 percent for the U.S.

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