The world should be scared about the ongoing trade war between US and China as it would impact the world economy and have an adverse effect on it.
We need to understand that China and US are the biggest economies in the world and any decision of their’s whether it be individually or collectively impacts every other country.
We have been on a recovery stage from the 2008 financial crisis and the ill-effects of it are still to be felt. The trade war might just halt the recovery once again.
Also read: Why Is Andhra Pradesh Asking For a Special Category Status And What Does it Mean?
Now, let us understand what the US-China trade war is all about:
We only hope that this egoistic war comes to an end which hopefully is nothing more than an eyewash and the recovery period resumes.
Sources: The Guardian, Economic Times, The Hindu
Images: Google Images
Also read:
http://edtimes.in/2018/03/did-chanda-kochhar-act-corrupt-in-giving-massive-loan-to-videocon-to-benefit-husband-deepak-kochhar/
