America has a monopoly and imposes taxes on all countries including India and China
While some countries are against America to impose taxes somewhere they are convinced. On the other hand, while imposing taxes on China, China has clearly shown aggression against this American decision.
China has clearly said that they are strongly against and if they will not take it back china will impose taxes on America too. So China has also put some taxes. So first America has put taxes on China like 54% then China protested it and also put 84% taxes on America. Then America also defended and increased the tariff on China to up to 125%. This is the main reason for conflict. Ultimately the result of this strong decision of both countries will eventually affect the exchange of goods and services between these two countries. So far China has put 84% taxes on America and America has put 125% taxes on China. Still, we don’t know when the trade is going to settle.
But it depicts that no one is getting convinced.
The effect of tariffs on countries.
It will impact and financial and economic growth between these two countries. And it will give a sudden halt in the progress. It will affect the exchange of goods, services, and mainly all things which is related to finances and funds.
Trump has said that China is saying to settle with America but he said China doesn’t know how to get progress.
The view of china
Xi Jinping has said that it is a side decision taken by America and they are doing monopoly. Xi Jinping has said they will not bend to the decision of America and they do not want to agree with this decision.
Xi Jinping has said that he wants to make China strong through trading and services, and China is making decisions and struggling to do so.
Experts are saying that China has been preparing for years to combat this struggle trade war.
Effect on other countries.
China and America are the two biggest superpowers globally and the trade war between these two countries also will impact the growth of other countries as other countries also depend on China and America somewhere for import/export.
Keywords
trade war impact on global economy
China USA trade conflict analysis
economic effects of tariffs on nations
China tariffs on US goods implications
USA tariffs on Chinese products consequences
impact of trade wars on developing countries
China’s response to US trade policies
long-term effects of US-China trade tensions
global supply chain disruptions from trade war
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