{"id":6825,"date":"2019-12-12T17:03:48","date_gmt":"2019-12-12T17:03:48","guid":{"rendered":"https:\/\/www.1websdirectory.com\/blog\/?p=6825"},"modified":"2019-12-12T17:03:48","modified_gmt":"2019-12-12T17:03:48","slug":"the-trade-war-between-the-us-and-china","status":"publish","type":"post","link":"https:\/\/www.1websdirectory.com\/blog\/the-trade-war-between-the-us-and-china","title":{"rendered":"The Trade War Between the US and China"},"content":{"rendered":"
America and China. Two economic powerhouses. The biggest in the world. Now they\u2019re at each other\u2019s throats.<\/div>\n
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How did we get here? What are the reasons behind this trade war? And what are the consequences?<\/span><\/span><\/div>\n<\/div>\n
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It\u2019s impossible to miss the headlines. To date, the US has imposed over US$550 billion worth of tariffs on Chinese products.<\/span><\/span><\/div>\n<\/div>\n
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President Donald Trump\u2019s goal? To punish China for a wide range of offences, ranging from the trade deficit to intellectual-property theft to currency manipulation.<\/span><\/span><\/div>\n<\/div>\n
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In this manner, Trump wants to force Chinese president Xi Jinping to the negotiating table. The endgame will be new trade rules that are more favorable to the American economy. <\/span><\/span><\/div>\n<\/div>\n
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However, Xi Jinping is certainly not taking any of this lying down. China has fought back by imposing US$185 billion worth of tariffs on US goods.<\/span><\/span><\/div>\n<\/div>\n
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This escalation looks set to continue, with nationalistic pride being amped up, and businesses being caught in the crossfire.<\/span><\/span><\/div>\n<\/div>\n
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What does the trade war mean for the American economy?<\/span><\/span><\/div>\n<\/div>\n
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The US and China are each other\u2019s largest trade partners. As they exchange blows, stock markets have been taken on a wild ride.<\/span><\/span><\/div>\n<\/div>\n
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How has the American economy suffered?<\/span><\/span><\/div>\n<\/div>\n
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It has happened in 4 ways:<\/span><\/span><\/div>\n<\/div>\n
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