What is the trade war between US and China?- Explained
What is a trade war? Investopedia defines trade war as, “A negative side effect of protectionism that occurs when Country A raises tariffs on Country B’s imports in retaliation for Country B raising tariffs on Country A’s imports.” Since 2018, the US and China have been engaged in a trade war. This confrontation has led to several rounds of retaliatory tariff increases by …
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