U.S. President Donald Trump says China has lost 15 to 20 trillion U.S. dollars in the trade war, a wildly inaccurate number as it exceeds China's total GDP. Yet despite Trump's claims, how much has China and the U.S. been harmed by the trade tariffs?

Guests: Lyu Xiang, an expert in American Studies at the Chinese Academy of Social Sciences; Prof. Ravi Ramamurti, Director of Center for Emerging Markets at Northeastern University.

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