China United States trade war Coursework
The United States imposed a 25% on $34 billion worth of goods traded with China in which they responded with a similar tariff. The United States then increased the targeted goods to $200 prompting a response that termed the war as irrational and unacceptable. The overall aim is to protect the national security and intellectual property of the U. S. businesses and as well correct the U. S. dollar and euro being the most common reserve. The central bank employs a manipulating strategy that enables the dollar to remain stable as compared to the Chinese currency. In so doing, the US imports into the United States are higher than locally produced ones. The move discourages the imports into the Chinese market and thus protecting the Chinese economy.
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