Trade frictions will increase, not reduce, imposing more cost on business.

The losses would be caused by 'trade frictions'.

She wants a 'customs agreement' to minimise trade frictions.

Topic were trade frictions on four product areas: forest products, telecommunications equipment and services, electronics, and pharmaceuticals and medical equipment.

As two of the world's top three economic powers, both countries also rely on close economic ties for their wealth, despite ongoing and occasionally acrimonious trade frictions.