These Countries Are the Winners of the China-U.S. Trade War

On Friday, the contentious China-U.S. trade conflict escalated after Beijing announced it will impose new tariffs on about $75 billion worth of U.S. goods. The announcement from China's Finance Ministry said the new duties on top of existing rates will take effect on Sept. 1 and Dec. 15. The move by China comes a little more than a week after Washington announced plans to impose tariffs on $300 billion worth of Chinese goods beginning Dec. 15. The retaliating moves by China and the United States are not good for either country's economy but other nations may benefit, experts say.

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