Explained: From phone makers to farmers, the toll of Donald Trump’s trade wars | Explained News, The Indian Express

Explained: From phone makers to farmers, the toll of Donald Trump’s trade wars | Explained News, The Indian Express

By Reuters |Updated: August 24, 2019 7:00:08 pm

Explained: From phone makers to farmers, the toll of Donald Trump’s trade wars

Trump also demanded that US companies take steps to exit China, throwing a new twist into a bitter trade war now in its second year, although Trump cannot legally compel US companies to abandon China immediately.

Trump also demanded that US companies take steps to exit China, throwing a new twist into a bitter trade war now in its second year, although Trump cannot legally compel US companies to abandon China immediately. (REUTERS/Jonathan Ernst/File Photo)

The world’s two largest economies, China and the United States, on Friday exchanged blows in the latest escalation in their trade war that has roiled supply chains and whipsawed financial markets.