Trade Wars Begin – A version of this appeared on CNBC TV18 There is a problem in the world trading ecosystem. A very big problem. A problem so massive that it has seen the first few shots, of a full-fledged trade war, being fired .On Friday, last week, the Trump administration imposed $50 billion worth of tariffs on Chinese goods. This is addition to the sweeping tariffs on steel, at 25%, and aluminium, at 10%. China has retaliated with tariffs worth $34 billion, primarily on agricultural products, and motor vehicles; and has promised that another $16 billion worth of
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