The trade war tension between US and China are now have become a global issue because the global stock markets from the last few days they haven’t performed better. A few days ago, Trump decided to put an extra tariff on more than $200 billion worth of Chinese goods, which ultimately end the possibility of having a good trade deal with China. China, on the other hand, has decided to increase its tariff rate on US manufacturing goods. Both the countries so far have come together to talk about negotiation, but after every such meeting the result has always come out negative. Chinese delegates came in Washington to talk about the current situation with Trump administration, but it seems like nothing has gone as planned.
The US wants to have a fair trade deal in which Trump administration wants China to stop using America’s intellectual property without any proper authority. Trump government has already started their move to dominate China by putting lots of restrictions on Chinese company Huawei. Huawei is finding itself in a hard position since many countries now become skeptical about the company’s new 5G technology. The global stock market is not performing well, and that’s why major stock indexes like the S&P 500, NASDAQ are not able to make a significant improvement. However, after talking to some trade experts, we have found that there is no need to worry about this trade war.
The economic condition of the US is stronger than ever before because the unemployment rate is at its low plus the economy is also growing at a significant rate. China, on the other hand, is also having a strong position since many businesses are taking this trade war as seriously and trying to contribute to the country’s economy by creating more local jobs. So even if both the countries are fighting each other, there’s no need to go into a panic for investors since it’s not significantly going to impact on the global economy.
Paul is an American-based writer covering Latest business trends. Paul cover Business and media for many news sites. He has been breaking news and writing features on these topics for major publications since 2012. Paul prefers writing about business news keeping science and technology into perspective.