Who will cash in on US trade wars & how to get around the tariffs?

While the trade dispute between the US and China is leaving scores of companies in a state of confusion and uncertainty, some beneficiaries are emerging.

RT’s Boom Bust talked to Richard Wolff, a professor emeritus of economics at the University of Massachusetts, to find out which nations may capitalize on the trade turmoil, and if China would inevitably lose its former markets, including the US.

According to the expert, domestic and foreign companies in China started looking for the cheapest labor across Asia and all over the world long before the tariffs due to the dramatic increase in wage costs in China. Professor Wolff stressed that there are many ways, legal or illegal, to get around the import tariffs.

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