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Explained: Fresh threat of US-China trade war, & its effects on India
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A set of tweets by President of the United States of America, Donald Trump, directed at China, spooked markets on Monday causing a plunge. Trump said that trade deal talks between the two countries were progressing 'too slowly', so he had decided to hike tariffs on Chinese goods. A similar tariff war last year had abated after the leaders of the two nations met in November 2018 and agreed to a truce. A fresh trade war between Washington and Beijing does not bode well for India, especially in the current global economic environment, and the prospect of a sharp spike in crude oil prices. Watch the full video for more.
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