Tag: USChina
US-China Commerce Struggle – Believers IAS Academy
US-China Commerce Struggle Context: Not too long ago, as a response to the USA’s elevated tariffs, China additionally elevated its tariffs from 84% to 125%. Whereas the US suspended reciprocal tariffs for many nations (together with India) for 90 days, China was excluded, deepening the commerce standoff between the 2 largest economies. Relevance:GS-03 (Financial system)