Trump vs Xi : Economic WAR

in #informationwar6 years ago (edited)

China imposed trade tariffs towards American imports, retaliating to American trade tariffs towards  Chinese imports. China claimed that they have no choice but to react after President Trump launched the greatest trade war in economic history.

President Trump has claimed that he is ready to impose even more tariffs if President Xi were to respond with their own, while President Xi is likely not one to be pushed around. 

I feel slightly worried about the way things are going in the world. Economic warfare has begun not only with China, but with Canada, Mexico and even the European Union. 

Since it is true that America has been getting reaped off for decades in foreign trade with their huge trade deficit, it seems like economic sanctions , to restore US interests, are rather justified.

However, imposing sanctions all over the world might cause more unintended consequences than intended consequences.

Looking at history, every single war  that has been fought has some form of economic sanctions. And this is the first time in recent history that globally, so many countries are engaging in trade "wars". Tensions between Beijing and Washington continues to rise,  it seems like the world might enter into a new stage of conflicts. 

Will it just end at economic sanctions? 

What do you guys think? Am I overthinking, or is something going on? 

Please leave your comments, and thank you for  reading my post.

https://www.rt.com/business/431869-trade-war-begins-china-retaliates/


Wishing everyone a good day,Tesla.

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