The United States government for approximately over 18 months has been in an ongoing trade war dispute with the People's Republic of China.
What is a trade war? Well, simplicity speaking, it is a very instigating economic war based on domestic and foreign market relations—weapon of choice:
"A tariff is a tax or duty that the government places on a class of imported goods (tariffs on exports are very rare). In theory, this make the foreign products more expensive, and therefore less desirable to consumers — boosting domestic makers of the product, which don't have to pay the tax. The tariff is collected by customs officials and goes to the government," (Horowitz, 2018).
Technology, steel and aluminum, as well as agricultural investments are all at stake with these types of war. Really, trade wars are fought in effort to promote prosperity and growth for economic investments, domestically and to ensure success over other leading nations.
China is the world's largest exporters of steel. While the U.S is one of the largest agriculture exporters of soybeans. Leading to a tit-for-tat scheme.
Phase-one deals have already been signed. But is the war truly negotiating a truce?
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