Trade Wars, Who is Killing Whom !

Trade Wars, Who is Killing Whom !

In time of peace prepare for the war, were the words said by a wise Legatus ineverbooming Rome. And can be implied in this ever-booming economies around the world. So the question here’Is USA the Rome’ and economic tariff the new weapon of this war.    So, What are Economic Tariffs? Economic Tariffs are the restrictions which are imposed by one country on the import of goods and services from another country in the form of increased duties, taxes in order to discourage them and increase the production of such a product in their own country. It is usually placed on imports. Recently, in the month of June 2018, USA had imposed tariffs of 25% on imports on over 1000 products worth $50Billion from China to the USA. China fought back with a tariff on goods worth $50 billion of imports from the USA to China.The USA, the largest economy in the world couldn’t be moved by the whims and fancies of the Chinese and...
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