President Donald Trump`s trade war against China has started, and after midnight Eastern Time, Mr Trump raised tariffs on $34 billion worth of Chinese goods. In two weeks, the number will increase to $50 billion.
This is not only a zero sum game. In the long run it will turn into negative territory. So far, the numbers are low. When it hit about $200 billion I think it will be heavy. China`s Commerce Ministry said the Chinese side promised to make the necessary counterattack.