DMPQ- What is a Trade war? What are the implications on India of the US China Trade war?
Trade war is a situation where countries restrict each other’s trade by imposing tariff or quota on imports. US has started imposing tariffs on as much as 25 percent on $34 billion in Chinese imports. China responded with retaliatory tariffs of 25% on US goods worth an equivalent $34 billion, including soybean, automobiles, and marine … Read more