How Goldman sees trade war hurting US-China GDP growth

Beijing

GOLDMAN Sachs Group Inc analysts are looking at how a trade war between the US and China would hurt growth in the world's biggest economies, and the outlook isn't pretty.

If President Donald Trump imposes punitive tariffs against China of up to 10 per cent, the country's exports to the US will fall as much as 25 per cent, Ha Jiming, a China vice-chairman at Goldman in Hong Kong, said in an article published by China Finance 40 Forum, a non-government research organisation.

Under that scenario, the Asian nation's annual economic growth would decrease by as much as one percentage…