If the trade war between the United States of America (USA) and China gains further steam, it may deal a nasty blow to the en bloc mania. On Thursday, the President of the USA doubled down on the potential trade war with China. He was responding to the Chinese announcement that $50 billion in American products would be hit by tariffs – including soybeans and pork.
China’s announcement was a tit-for-tat move against the Trump Administration which had earlier slapped a 25 percent tariff on Chinese products in a sweeping trade measure aimed at penalizing the country for its trade practices.