The United States and China are fighting. Both countries experienced a trade war. This began when President Donald Trump set a tax on every Chinese product that entered the United States. In response to this policy, China did the same to the United States.
The trade war is now getting hotter after Trump insists that he will add to the list of products from the Bamboo Curtain Country that have hit import duties to more than USD 500 billion.
Apparently, the US and China disputes will not end in the defeat of one of them, but also affect other countries whose economies are most integrated into global value chains and rely on exports. When global trade is threatened, their economy will be very vulnerable.
Reporting from Business Insider, here are 10 countries that are most threatened by trade war based on the percentage of their exports to global supply chains.… Read more “United States vs. China trade war and affected countries”