The ongoing trade war between the U.S. and China would adversely affect global economic growth, and their unilateral actions on trade apparently seem to be designed to bypass the rules set by the WTO, and could thus have a serious impact on global trade and governance. It seems clear that the U.S. is purely diverting attention from its own structural problems, and which are ultimately themselves responsible for imbalances in trade. President Trump, however, is attempting to establish a (probably erroneous) link between rising U.S. imports and the decline in Page 6 of 6 its manufacturing industries. Since August 2018 year, both countries have together imposed tariffs on $100 billion worth of goods and which will almost certainly escalate further with increased trade retaliation. Source: WorldFinancial Review(Dec, 2018) Question: Discuss how the Trade War will impact of the World Economy. [1000 words]
The ongoing trade war between the U.S. and China would adversely affect global
Question:
Discuss how the Trade War will impact of the World Economy. [1000 words]
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