Trade War: Lose-Lose Outcome? Jun 04, 2019 Trade War: Lose-Lose Outcome? By Blu Putnam, Chief Economist, CME Group Highlights As U.S., China dig in, trade war could hurt businesses in both countries China’s fast-growing airline sector could shift demand to Europe Chinese demand shifts could also occur in energy, livestock sectors Are U.S. companies operating in China at risk of corporate retaliation? Watch Video Manage Trade War Outcomes in Global Markets with CME Group See how CME Group’s tools, economic research and education can help you track the effects of the trade war and better manage market outcomes. Learn More SEE MORE ANNOUNCEMENTS