This year of 2019 started off with the initial stages of the trade war that the United States President Mr. Donald trump initiated, and the world has never been the same, and this trade was resulted in the losses of billions of dollars in trade and has contributed majorly to the global economic slowdown which could plunge us into recession way before we have expected. And this trade had not been beneficial for the US in any way as it has also been seeing those major issues that have been harming the growth of the nation.
The trade war with the nation of China that has been dragged over for 17 months now has now started to take some serious toll on the United States economy, and now the nation is seeing major failures in the manufacturing, imports, exports, industrial, and production sector of the nation. The tariff war has been brutal to the overall trade, and the losses will reach trillions soon if this situation is not looked in to. But the United States and China both seem least interested in changing the situation even though they have been the worst hit in this issue. The economic growth was strong in the initial stages of the trade war, and we think that the nation is now seeing some major issues that could be catastrophic if the tarde war is not ended.
Tags : Trade war, United States,