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to lose in US trade showdown: reportNor would the export sectors of the US and other major developed countries be significantly affected by an economic slowdown in China, The Conference Board said in its report.China's value-added exports to the US, by contrast, were equivalent to roughly 3 per cent of its gross domestic product, suggesting that Beijing has more to lose in any trade showdown with the Trump administration.Last week Steve Bannon, the controversial political adviser to US President Donald Trump who was ousted on Friday, said that the US and China were engaged in an "economic war" from which there could only be one winner.The Conference Board's figures instead count the Canadian tractor's US components as US exports to China.
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