Effect of Trade War on Global Economy: A Focus on Australia

Running head: TRADE WAR
TRADE WAR
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1TRADE WAR
Executive summary
This paper has discussed the effect of trade war between the USA and China, two most
important and powerful economy of the world, on the global economy mostly focused on the
economy of Australia. This report is purely based on the report published by KPMG which
has analyzed the effect of this trade war on the global and Australian economy and predicated
three most important scenarios. This report has summarized the report, discussed the situation
after the report was published and detailed the three scenarios in the ground of the recent
growth of the war between China and US.

2TRADE WAR
Table of Contents
Introduction:...............................................................................................................................4
Summary of the KPMG report:..................................................................................................4
Assessment of subsequent developments in the US-China trade disagreements.......................5
Three scenarios modelled by KPMG in its report......................................................................6
Conclusion:................................................................................................................................7
References:.................................................................................................................................8