China spending less USD for imports → Low Commodities Prices→ Low Oil Price→ Weak Russian Ruble. Weak Chinese Imports→ Low Semiconductors Prices→ Weak Korean Won.
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Second Order Effects of a Global Trade War.
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China spending less USD for imports → Low Commodities Prices→ Low Oil Price→ Weak Russian Ruble. Weak Chinese Imports→ Low Semiconductors Prices→ Weak Korean Won.