Recently, the main objective of US President Donald Trump’s trade war is to make Beijing “Buy American”. But China might shift its business elsewhere to avoid US’s meat import. Beijing’s retaliatory tariffs on pork and beef are making them excessively expensive and forcing the Chinese to go for alternatives. This trade battles has expanded to various areas and sectors now. Analysts have given their opinion that these moves might lead to a significant loss of Chinese business for the US exporters. Julian Evans-Pritchard, an Economist with the Capital Economist said that the trade war might lead to significant changes in the flow of global trade which determines which country gets what.
Fore more details, readers click here.
This post has been authored by Anushna Mishra, a Second Year student of West Bengal National University of Juridical Science (WBNUJS).
Comments