Hello Guys.
Trade war between The two major exporting country seems to danger for so many countries and it may affect to our country too.As per recent information USA slams almost $34 Bln teriff and China Has also has reversed the same amount of Teriff against to the USA.
AS VERY RECENT NEWS UPDATED- USA HAS SLAMS $34 BLN TERIFFS TO CHINA AND CHINA HAS LAVIED THE SAME AGAINST OF USA- Tit for tat
Tussle between both Giant will damage lot of small countries, which is clearly indicating here.
Hours before Washington's deadline for the tariffs to take effect, U.S. President Donald Trump upped the ante, warning that the United States may ultimately target over $500 billion worth of Chinese goods, or roughly the total amount of U.S. imports from China last year.
And in aginst of this - China's commerce ministry, in a statement shortly after the U.S. deadline passed at 0401 GMT on Friday, said that it was forced to retaliate, meaning imported U.S. goods including cars, soybeans, and lobsters also faced 25 percent tariffs.
The Notable thing is that "If this ends at $34 billion, it will have a marginal effect on both economies, but if it escalates to $500 billion like Trump said then it's going to have a big impact for both countries."
Beside this Many Countries specially in Asia will have to suffer and again they will have to face recession period
China Commerce Ministry Blames USA to violate the world Busniness rules whiLe USA government that China has broken the barriers and we will not let it go untill we stop their business.
"In effect, the Trump administration is behaving like a gang of hoodlums with its shakedown of other countries, particularly China," the state-run China Daily newspaper said in an English language editorial on Friday.
Whatever the situation and condition between the two giant- It seems the loss of polls between the fight of Two elephant.