First cold war and now trade war

Washington and Beijing have started commercial warfare with 68 million worth of tax against each other, who can exploit the global economy with a new crisis.

Washington and Beijing have started commercial warfare with 68 million worth of tax against each other, who can exploit the global economy with a new crisis.

News Time

Our mind comes just when hearing the name of the war. Everywhere the landscape of destruction, the screaming of the wounded, on the other hand, people who run in the rubble of buildings, debris combatants, tanks, and hospitals run in hospitals. Now the war will be fought not only to protect the borders, but giving the economy a protection and in this war, warcraft will be fought for different products and freight trade instead of tanks, heavy bombs. And every country will try to save its economy. The countries whose economy is strong will survive in this war, but for the poor economies, this war will prove to be very dangerous.

In modern times, the boundaries of the economy as well as the economy are also strong. Borders would only have an external aggression and the economy has to deal with internal and external risks. From now on, when Russia intervened in Ukraine, America and Europe imposed severe sanctions on Russia aimed at reducing Russia’s economy. America and Europe wanted to fight with Russia but loss in war is not just Russia but also of America and Europe but his aim was to weaken only the Russian economy so that Russia could be pulled out of Ukraine. Similarly, the US President Donald Trump asked to improve the American economy in his election campaign after winning the election, the steps started to improve the US economy. These measures include additional $ 34 billion in the purchase of Chinese products China was not silent enough, so he responded 25 percent additional taxes were imposed on the imported products from the United States.

On the other hand, Russia has also imposed 25 to 40% additional duty on US imports. These products include gas appliances, rock drilling equipment, fiber optics and other products. According to experts, these measures of $ 68 worth against Washington and Beijing each have started such a big commercial war. This can appeal the global economy to a new crisis. Countries like strong economy can play their role in this crisis before intensifying this crisis. According to reports from different news organizations, Beijing has said that this war started by Washington, Beijing was forced to respond to the attack. The United States is the world’s largest economy and then the number of China comes. The current balance of mutual trade between the two major economies of the world is clearly in favor of China. There are only two countries in the world whose crew is a country in China at the account head plus. In 2017, the trade between China and the United States was sold it lost the US $ 375 billion loss. Between two major economies, this trade war will destroy the small economy of small countries it is estimated that the world is not at all at all, and it is not like this commercial war will be the cause of the end of the world in the future.

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