Trump has given rise to another global crisis by imposing additional tariffs on Chinese goods, while the trade talks were underway between two major economies.
Due to this decision now investors are confused and no one knows what will happen next.
This issue arose during the tough time for Trump when he is already involved in solving a number of other issues including North Korea Missile tests, Iran Nuclear issue and other various foreign policy issues.
The U.S President Donald Trump imposed new tariffs worth of $ 200 Billion on Chinese goods after a short deadline by accusing china backtracking on a possible trade deal between worlds two major economies.
Representatives of both economies will meet again on Friday but the issue is that if they couldn’t reach on any deal ,it can effect whole world.
Trump in tweet said that this increase on Chinese goods will bring far more money to U.S than any previous trade deal.
It’s a classic move from a former real estate tycoon who preaches the art of the deal, often raises the stakes at the last minute and says he is always ready to walk away from the table.
But the new tariff hike is sure to draw reprisals from China, barring an overtime deal on Friday, that could rebound against the President and US consumers — especially in the agricultural and industrial heartlands of the Midwest.
The China showdown has been building for months, like the other current foreign policy dramas, does not come as a sudden surprise.
Trump has been complaining about China’s economic practices and the Sino-US trade deficit for decades — since long before he became a politician, and it’s possible to draw a line between his latest move and the 2016 campaign when he accused Beijing of “raping” US workers.
Presidents reap what they sow in foreign policy, even if it takes time for initial decisions made early in their terms to reshape the world.
But the bill may be becoming due for Trump’s unorthodox style.
The President often treats foreign policy as an extension of his wild, unpredictable character that abhors restraints, has little appreciation for history and lives in the moment. He says he’s the master deal maker, but he’s more of a destroyer than a builder on the world stage.
He loves splashy headlines, defying the wisdom of diplomatic sages, the spotlight of one-on-one summits, jabbing allies and using tyrants as pen pals.
He enjoys wielding a big stick but doesn’t want to get into foreign quagmires. He disdains long-thought-out strategies, hates global organizations and doesn’t sweat details.
The current dramas have all been exacerbated by the President’s shoot-from-the-lip interventions and his tendency to reject traditional diplomatic practice.
