Question

There is looming trade war discussion between US and China, two economic giant in the world. Technology and intellectual property are a big part of the discussion. What's your thoughts on trade war? What international law could be applied? Analyze the situation from the technical standpoint only.

Answer 1

As we know that there was a trade war between the US and the china

COnsidering the term trade war lets have a small discussion about the trade war first

• The Trade war was started by the new rule that came to fact after the Trumph came to rule
• He signed the tariff of 25 % for steel and 10 % for aluminium import to USA
  
• This lead to the crisis to the most steel business in the america
• Most of the steel and aluminium business were by china in the US
• The reason why trade tariff introduced by trumph is that to make more profitable business for the local lads
  
• Trade war is something by which a country tries to damage other countries trades
• Hence the heavy tarrif or custom duty on the imports led to chinas trade to fall down in america

The trade war could possibly destroy the entire trading union

This decision of Trump will declare a trade war by other countries by preventing american exports to other countries

This ;eads to crisis all accross the world

The trump itself stated that this could lead to a trade war

US Trade Expansion Act of 1962

it permits the Administration to act against imports of any article which appear to endanger US national security

This clearly states that US govt have the right to take actions to make their business more intutive

HOPE THIS HELPS

PLEASE COMMENT FOR DOUBTS

THANKS