World’s two biggest economies United States of America and China are on Trade war these days. The war escalated after the Donald Trump’s statement. Trump imposed extra duty on 5000 China’s products and this was the start of another trade war between China and America.
Due to recent statement and the trade war between China and United States, US Stock has lost so far 1.1 trillion Dollars and this is one of the biggest downfall in the market. Investors has taken out their money from the market. Apart from the Stock Market, the Global Market also faced at drop of 1 Trillion Dollar.
World is already facing financial crises and now this trade war has made the situation worse. We can only hope that the war may end soon and as Prime Minister Imran Khan said, “Better Sense Should Prevail”