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The inability of the United States and China to agree on trade taxes incurs not only the economies of the two most economically developed countries but also of the world economy.
The second day of negotiations between China and the US ended with new threats to each other and the announcement of new trade tasks. The US is still confident that it will be able to win victory in the trade struggle, hoping for strong economic growth. At the same time, China seems to have confidence that it will resist pressure. And if they are sure of this, the trade war will continue until one of them asks for mercy. This approach may threaten the growth of the world economy on the one hand, and the US and China will experience a slowdown in their economies elsewhere. If this is to happen then it will be too late for negotiations because the crisis phenomenon may become somewhat worse and may become a prologue of a new global economic downturn that can be more difficult and more destructive than in the last crisis in 2008-09.
The second day of negotiations between China and the US ended with new threats to each other and the announcement of new trade tasks. The US is still confident that it will be able to win victory in the trade struggle, hoping for strong economic growth. At the same time, China seems to have confidence that it will resist pressure. And if they are sure of this, the trade war will continue until one of them asks for mercy. This approach may threaten the growth of the world economy on the one hand, and the US and China will experience a slowdown in their economies elsewhere. If this is to happen then it will be too late for negotiations because the crisis phenomenon may become somewhat worse and may become a prologue of a new global economic downturn that can be more difficult and more destructive than in the last crisis in 2008-09.
