Since 2018 the world's two largest economies, the United States and China, have imposed tariffs on billions
Question:
Since 2018 the world's two largest economies, the United States and China, have imposed tariffs on billions of dollars' worth of one another's goods. The trade war has brought struggles for farmers and manufacturers and higher prices for consumers in the United States. China's economic growth has also been heavily hit by the on-going trade war. The uncertainty is hurting businesses and weighing on the global economy.
Would a trade war solve the alleged problems?
What other consequences may the trade war of this one and trade wars in general cause?
How should manufacturers adjust their operations strategies to mitigate the external operations and supply chain risks?
International Business Law And Its Environment
ISBN: 9781305972599
10th Edition
Authors: Richard Schaffer, Filiberto Agusti, Lucien J. Dhooge