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'Pressure' of the companies work, break in the trade war between 'America and China

Sunday - June 30, 2019 4:25 pm , Category : OPINION & INTERVIEW
The US and China to start trade negotiations again
The US and China to start trade negotiations again

Know why the United States and China agreed to end the trade war?

JUNE 30 (WTN) - Is the trade war between the two largest economies of the world, America and China going to end soon? We are saying that, because the United States and China have been agreed for this amid the ongoing G-20 summit in Osaka, Japan. The two countries have agreed to negotiate on trade war. The US President Donald Trump and Chinese President Xi Jinping have agreed to start the US-China trade talks again. That is, it is clear that the trade war between the US and China seems to be pausing.

In fact, top two economic powers like the US and China are ‘fighting’ a ‘war’ against each other in a new way. In this ‘war’ both the US and China was imposing heavy duty on each other's goods to meet their business interests. But according the information, the US has agreed to not charge new duty on the China's exports. But there is a big question as to what is the reason that both countries seem to be willing to end the trade war.

For your information, let you know that due to the trade war between the two countries, the US had increased the tariff on Chinese goods from 10 per cent to 26 per cent, after which China also imposed heavy duty on American products in response. According to the experts, the ending of the trade war between America and China will provide relief for many countries of the world, including India. With the end of this trade war, Indian companies will be able to easily export their products to other countries. However, India has had a great advantage with the trade war between America and China, and due to this, the trade of India increased significantly from both the US and China.

According to Chinese news agency Xinhua, on the basis of equality and mutual respect, the two countries will start a dialogue again in this regard. If negotiations between the two countries begin, it will give a lot of relief to the investors as well as to the companies. For your information, let you know that American company Apple has been the biggest victim of America- China trade war. Apple's sales have been declining due to a trade war between the US and China. For this reason many times Apple Company has strongly opposed the US President Donald Trump's economic policies with China.

Talk about China's company, then the US has banned smartphone making Chinese company Huawei accusingly for spying. Not only that, the US has warned the world's companies that they do not sell American parts to Huawei and its subsidiaries. Many US and Chinese companies were facing a decline in sales due to the trade war between the two countries. Apart from this, imported goods were being sold costly after the heavy duty in the trade between the two countries. It can be said that there would have been the huge pressure of the companies on the US and China Government, after which both the Governments have decided that the trade war should be eliminated.

That is, it is clear that many companies of many countries have suffered loss due to the trade war between the US and China. Now that the US has agreed to not charge any new duty on Chinese goods, then it can be said that the trade talks between the two countries should be started soon, and it should be positive. If this happens then the companies of the US and China will benefit from it, the rest of the other countries will also get relief from the trade war between the two countries.