The U.S. and China— the world's two leading economies— have been in a heated trade war, particularly in the last two years. S.A. President Donald Trump has long accused China of unfair trade and intellectual property theft. But with China emerging as a global economic power, it is perceived as slowing America down.
Trade wars occur when a nation enforces high tariffs on imported products. One foreign country is responding to the other country to strike back by imposing similar trade protection laws. Their conflict has an adverse effect on international trade as that escalates. Both countries were levying strict tariffs on the products of each other. Yet China's extreme pork shortage causes them to relax tariffs on imported meat, even from America.
In this segment, we'll analyze the history of the trade war as well as a detailed look at China's massive pork market and how it affects the global trade economy. The pork crisis in China will then be debated, and how it finally gave America the upper hand in the trade war.
infographic by: pigly.com
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