Tuesday, 19 June 2018

The increasing tension between the US and other countries

The US president Trump has asked his administration to draft plans of another $200bn tariffs on Chinese imports, this is definitely a sign of increasing tension between China and the US; and we can now say that the trade war between China and the US is undergoing. China and the US are the world largest economies and an all-out trade war is very likely not only to destabilised these two countries’ economies, but the entire world economy as well.

In addition, not only the tension between the US and China is increasing, the tension between the US and other countries is also increasing. Not mentioning about the disagreement during the G7 meeting, Turkey is criticising one US Senate vote that could block transfers of the F-35 fighter jet to Ankara. Turkey said this vote was against the spirit of the NATO and Ankara could seek for alternatives; this would make the US lose its long term customers (most are its NATO allies) of its military industry, and could cause potentially billions of dollars.

To conclude, the US is not only starting a trade war with China, but also fighting with other countries regarding not only trade but also other matters as well.

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