The Implications of U.S. – China Trade War

The US China Trade war has potential large-scale ramifications for the world economy. Earlier in July, Washington and Beijing imposed tariffs of 25% on USD 34 Billion of each other’s exports. It’s expected that US will impose tariffs on another USD 16 Billion of Chinese goods, followed by further tariffs of USD 200 Billion. The trade war is more problematic for the Chinese Government than for the US Government. China’s economy has been slowing down and it faces challenges in tackling accumulated debts. As such, the trade war will only go on to hit the Chinese economy hard. China being.
Read More