The trade war between China and America has started. Both countries are face to face on tariff. China has made it clear that it will fight against this policy of America till the end. American tariff will never be accepted. Donald Trump first imposed a 20 percent tariff on Chinese goods.
For the second time, Trump announced an additional 34 percent tariff against China on April 2. But in response, China also imposed a 34 percent tariff on American goods. Donald Trump got angry at this retaliatory action of China. He announced an additional 50 percent tariff on Chinese goods in America.
So far, America has imposed a total tariff of 104 percent on China. This war between the world’s two largest economies has raised the possibility of economic recession. China has clearly said that it will fight till the end. Now the news is coming that China is preparing to impose tariffs on American agricultural products and a ban on Hollywood films. China’s Prime Minister said that we are ready to deal with the tariffs.