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But there could be a flip side to mopping up some of China’s trade as, you’ve got to remember, it was that trade that got China in trouble in the first place.

“The tariffs on China are there because of the trade deficit,” said Economist Intelligence Unit (EIU) economist Yue Su said on Tuesday.

“These other countries that pick up the supply chain, their deficits will also go up and then they will face a trade war with the US.”