Is trade war good or bad for both USA and China??
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Guys, what's your opinion about this issue?
There is no winner in a trade war. The winner will be the one who loses the least.
in this case, it seems like China is the one who is losing more
Hi @cryptoniumabhi. As the trade war is surging at its rapid pace and apart from America and China there are some other countries also entering into the trade war but it is believed by numerous economist that it may dampen the economy of the more developed nation as because of trade war they will not be able to sell their innovations at competitive prices to other countries.
I think loser will be those who are dependent on developed economy and that too exports like China, Korea, tiwan etc. Cos money flow from higer economy to lower economy as more value is created in lower economy than in higher economy at the same price. No doubt developed nation will have to face crices but developing nations may even see bloodsheding.
yes Russia, Saudi Arab and even India is part of this now