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US-INDIA Trade War, A Trade War That Is Running Parallel To US-China Trade War. It's a fact that few years back when anyone used to talk about Trade War then the response that person used to get was, there could be no Trade War, the world economy is very stable, Donald Trump is a very smart businessman and he won't push US into a trade war, but soon US-China Trade War happened followed by USA Trade war with multiple countries and consequently India too fell into Trade War with the US. The Trade War that's going on between US and India is very important at least from India's point of view as we need to observe, to what extent this ongoing Trade War would impact India's relation with US and does India require to change her foreign policy in the coming years.   Developments: India hiked duty on 29 category of items that were imported from the US. This was basically a retaliatory step taken by India against US imposing high tariffs on steel and aluminium ...

The US-CHINA Trade War Which has Grown More Intense and is Predicted to Intensify Over a Period of Time, and Who is going to Finally Benefit From This. By Trade War what do we mean?: Trade war is a situation where country imposes tariffs which means imposing tax on goods that are imported making it more expensive thereby restricting trade and then there is a similar retaliatory move by the opponent country. Tariff also serves as a source of direct revenue for the government. How do Countries get into this Trade War: .To understand this just suppose that there are two countries, Country 1 and Country 2. Now Country 1 imposes high tariffs on imports from Country 2 which Country 2 finds unreasonable. Due to this Country 2 in retaliation imposes high tariffs on imports from Country 1, thus leading these two countries into Trade War. The reasons for Trade War to erupt are many but one primary reason is  Trade War is one potential result of protectionism. Basically if a count...