The commercial war between Washington and Beijing is not new. Rather it seems a reissue that Trump triggered in March 2018, which Xi Jinping responded. That confrontation was initiated by Trump, but according to several studies, the most harmed They ended up being consumers and some companies in the United States.
Donald Trump put his eye in China a few months after starting 2018 with tariffs of 50 million dollars. Thus began a launch of tariff missiles between the United States and China. In response, the Asian country also imposed the tax on 128 American products. All because President Trump considered China’s commercial practices unfair.
The fall of exports were noticeable and between which new tariffs were imposed and the bags around the world were already implemented were affected and was not going to stay there. Trump included companies such as Tiktok or Huawei, prohibiting Google to update its services in Asian products.
Although the Americans did consumed local product, Trump’s main objective with this controversial measure made it at a greater price of the original. And despite having begun the confrontation, the American consumers and companies were affected, ending absorbing the tariffs.
Source: Lasexta
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