TRADE WARS TRANCE

PRESIDENT TRUMP fired the first round of an ominous trade war with China with tariffs on its  high-tech goods, steel and aluminum imports last month.

The move was preceded by Trump's boast that. ''trade wars are good and easy to win''. China, in retaliation, has imposed tariffs of up to 25% on 128 US imports, later that week.

China's primary set of tariffs was mild and in response to American tariffs.

The US has, however, already announced a further imposition of duties worth close to $60 billion on Chinese imports and plans to limit its investment in the US, in retaliation of what it calls:

''Years of intellectual property theft'' and 'unfair competition from China's state-led economy''.

If this threat is acted upon, the Chinese reprisals is bound to be exponentially harsher as well.

China is America's third-largest export market for goods and the the future rounds could target about $60 billion in American Soya beans, civilian aircraft and and industrial supplies in a tit-for-tat escalation of tariffs.

This sharp escalation of economic hostility is just the beginning of a protracted and vicious trade war between the world's largest economies.

Trump's decision to ''bring back American jobs and curtail American losses making it ''Great Again'  strikes a chord with many of his native followers.

China's 'President for Life', Xi Jinping, is all powerful now and would surely not bend to what China believes is ''unreasonable coercion'' from the US.   

Not only will the war will be destructive for the two economies with no winner, it will have negative consequences for many other nations and billions of consumers, globally.

For America punishing Chinese exporters will be costly and damaging to its own import-consuming industries, and in fact, may suffer more economic damage than China.

The average American house-hold items like toys, furniture, footwear, cell phones, even tooth brushes and kitchen items made up more than 50% of close to half a trillion dollars worth of Chinese imports last year to the US.

That means the normal American family would get a direct kick in their monthly budget from these tariffs.

The Research Publishing continues. And !WOW! thanks researcher and author Ihtasham ul Haque.