What is a trade war? When two countries trying to stop the free movement of goods due to globalization any country can import and export goods without any barriers. When trade war starts between the two countries they impose tax barriers.
Why Trade war? Countries are responsible for maintaining their imports and export deficits. If imports are higher and exports are lesser this can be a worrying sign for the country. Due to this country, people may lose jobs, their growth rate starts to decrease and several other problems but there are other advantages of globalization or trade deficits it increases the standard of leaving for people because goods are available at cheaper rates.
Why America started the trade war with China?
- China exports are higher than import from America
Continue to read at https://stockfuturesnse.blogspot.com. and search the title