Potential Trade war begins - USA and China start the costly Battle
USA announces tariffs imported from China. It could damage $60 Billion dollar market. In retaliation, China also imposes tariffs on Steel and Aluminium products imported from USA. Recently, President Trump issued a controversial trade tariffs. On the other hand, Chinese Commerce ministry is planning to take retaliation measures of 128 US products.
China is planning to take legal actions on USA under World Trade Organization rules. Asian Stock markets react negatively on the news. Japan's Nikkei index dips as much as 4 percent
It seems like donal trump is on his way to fulfill his dream what he told in his campaign trail. Who will win in this new form of war? As Chinese government officials said Nobody is going to win. Both countries will be affected by this decision.
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