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Showing posts with the label Global trade tensions 2024.

The U.S.-China Trade War: Unraveling Economic Tensions and Global Impact

The Power Struggle in Global Trade   The trade war between the United States and China has been one of the most defining economic conflicts of recent times. What started as a dispute over tariffs and trade practices has evolved into a broader struggle for technological and economic supremacy. The battle between these two global giants has impacted businesses, investors, and everyday consumers worldwide.   At the heart of this conflict lies a fundamental difference in economic policies and trade strategies. The U.S. has long accused China of engaging in unfair trade practices, such as intellectual property theft and forced technology transfers. Meanwhile, China argues that its policies are essential for its economic growth and industrial modernization. The fallout from this ongoing battle has led to higher consumer prices, disrupted supply chains, and rising geopolitical tensions. The Origins of the U.S.-China Trade War   The trade tensions officially escalated in 2018 whe...