Current State of Trade War Between USA and China

Current state of trade war between the
USA and China

TRADE WAR BETWEEN THE USA AND CHINA
 Trade war is a situation of creating restriction in trade.
 It results from conflict between two countries due to the various reason like political
conflict, economic issues, increasing tariff rate etc.
 The increasing tariff rate and other issues are the reason behind creating trade war
between the USA and China. US economy impose heavy tariffs on China because of its
illegal practices and or unfair practices.

TRAIFF IMPOSE
 To threatened the China economy US impose US$250 billion slapped tariff on
the Chinese product. Against of the US action china impose US$110 billion
tariff on the US products.
 Both countries are not willing to give up on increasing tariff rates which result
to creating trade war between two countries. And now US wants to increase
the Tariff rate up to US$300 billion.

CONTINUE
 The increasing tariff would result to impact on the import, export, foreign
direct investment, economic growth of both countries.
 In regard to the section 301 trade act 1974 US government gives a statement
that because of the unfair practice and theft of intellectual property right of
US, they increase the tariff.
 US threatened the china to increase the tariff rate by 25% if china is continued
to doing the unfair practices or if china fail to do the quick trade deal with US
to settled down their disputes.