The U.S. and China— the world's two leading economies— were in a heated trade war, particularly over the last two years. A.S. President Donald Trump has long accused China of unfair trade practices and theft of intellectual property. But with China emerging as a global economic force, America is seen as slowing it down.
Trade wars arise when a nation enforces high tariffs on goods imported. To strike back, one foreign country reacts to the other country by enforcing similar trade protection laws. As that escalates, their disagreement has an adverse effect on international trade. All countries levied strict tariffs on each other's goods. But with China's severe shortage of pork, they are forced to loosen tariffs on imported meat, even from America.
In this section, we will review the trade war history as well as an in-depth look at the huge pork market in China and how it affects the global trade economy. They will then discuss the pork crisis in China, and how it finally gave America the upper hand in the trade war.
infographic by: pigly.com