Title: How will the US-China trade war affect global Supply Chain? | Corporate training Skill Dynamics
Headings: How will the US-China trade war affect global Supply Chain?
How will the US-China trade war affect global Supply Chain?
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US China Trade war – Is it the right approach?

Content: How will the US-China trade war affect global Supply Chain? | Corporate training Skill Dynamics
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Jan 19, 2019
Written by  Skill Dynamics
How will the US-China trade war affect global Supply Chain? Today, trade war is the highest risk to global growth. Previously, lower tariffs and relaxed trade barriers reinforced global supply chain and caused a major increase in global trade. According to statistics, the average rate of tariffs on imports by World Trade Organization members declined from a little more than 12.74% in 1996 to 8.8% in 2016. Hence, global trade went from $5 trillion in 1996 to $19 trillion in 2013. However, the United States has started trade disputes with several different economies in order to achieve what it believes to be fair trade. The most intense one is its conflict with China, resulting in a series of additional tariffs. People are assuming that because America is the net buyer and China is the net seller in their trade relationship, China will lose the trade war and ultimately surrender. The truth is that tariffs will hurt both countries.